Issue link: https://digital.shearman.com/i/1389983
2 TABLE OF CONTENTS ENFORCEMENT ACTIONS & STRATEGIES .................................................................................... 3 Statistics ........................................................................................................................................................................................................... 4 Geography & Industries ............................................................................................................................................................................... 8 Types of Settlements .................................................................................................................................................................................... 8 Elements of Settlements .............................................................................................................................................................................. 9 Case Developments ..................................................................................................................................................................................... 9 New Investigations ....................................................................................................................................................................................... 11 PERENNIAL STATUTORY ISSUES .................................................................................................. 13 Foreign Officials ............................................................................................................................................................................................. 8 Thing of Value ................................................................................................................................................................................................ 8 Modes of Payment ........................................................................................................................................................................................ 8 COMPLIANCE GUIDANCE ................................................................................................................ 14 The Risks of Cutting Compliance Costs in Difficult Economic Times ........................................................................................... 15 Artificial Intelligence, Compliance Program Reforms & Data Analytics as an Investigation Tool ...................................... 15 FinCEN Beneficial Ownership Registry Compliance Concerns for Financial Institutions ...................................................... 15 The New York City Bar Association Announces Framework for Determining Whether to Charge Chief Compliance Officers ............................................................................................................................................................................................................ 16 UNUSUAL DEVELOPMENTS ............................................................................................................ 17 The Biden Administration: Anti-Corruption Commitments and Initial Developments ............................................................ 18 Record FCPA Related Reward Issued Under the SEC Whistelblower Program ....................................................................... 18 DOJ Offers Inconsistent Reading of Foreign Government Role in Bribery Schemes ............................................................. 18 In Cooperating with the DOJ, Cognizant May Have Improperly Interfered With the Prosecution of Its Former President and Chief Legal Officer ........................................................................................................................................................... 19 Recently Enacted and Pending Legislation ......................................................................................................................................... 19 Charging Money Laundering Rather than Substantive FCPA Counts ........................................................................................ 20 Foreign Developments ............................................................................................................................................................................... 21 PRIVATE LITIGATION ........................................................................................................................ 23 Securities Fraud Claims ............................................................................................................................................................................ 24 Rico Claims ................................................................................................................................................................................................... 24 Other Claims ................................................................................................................................................................................................ 25 ENFORCEMENT IN THE UNITED KINGDOM .............................................................................. 26 Serious Fraud Office .................................................................................................................................................................................. 27 CONCLUSION 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