Issue link: https://digital.shearman.com/i/1442322
2 TABLE OF CONTENTS ENFORCEMENT ACTIONS & STRATEGIES .................................................................................... 3 Statistics ........................................................................................................................................................................................................... 4 Geography & Industries ............................................................................................................................................................................. 10 Types of Settlements ................................................................................................................................................................................... 11 Elements of Settlements ............................................................................................................................................................................. 11 Case Developments ................................................................................................................................................................................... 12 New Investigations ...................................................................................................................................................................................... 13 Corporate Enforcement Action Closures .............................................................................................................................................. 13 PERENNIAL STATUTORY ISSUES .................................................................................................. 15 Jurisdiction ..................................................................................................................................................................................................... 16 Foreign Officials ............................................................................................................................................................................................17 Modes of Payment .......................................................................................................................................................................................17 COMPLIANCE GUIDANCE ................................................................................................................ 18 Ericsson Discloses Adverse DOJ Determination on Compliance with Its DPA ......................................................................... 19 French Government Rewards Transport Company for Implementing Regular Compliance Updates .............................. 19 Norwegian Sovereign Wealth Fund Joins the Fray and Begins Policing Corruption .............................................................. 19 UNUSUAL DEVELOPMENTS ........................................................................................................... 20 2021: A Year of Shifts in Enforcement Approach ............................................................................................................................... 21 Slowdown of Publicly Announced FCPA Cases ................................................................................................................................ 22 Whistleblower Updates............................................................................................................................................................................. 22 Recently Enacted and Pending Legislation and Regulatory Considerations .......................................................................... 23 Implications of Pandora Papers Leak ................................................................................................................................................... 24 Foreign Developments .............................................................................................................................................................................. 24 PRIVATE LITIGATION ........................................................................................................................ 25 Securities Fraud Claims ............................................................................................................................................................................ 26 Restitution Claims ....................................................................................................................................................................................... 26 Other Claims ................................................................................................................................................................................................ 26 ENFORCEMENT IN THE UNITED KINGDOM .............................................................................. 28 Serious Fraud Office .................................................................................................................................................................................. 29 CONCLUSION ...................................................................................................................................... 31