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Anti-Corruption Quarterly

Sidley Austin LLP

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USA March 3 2021

2020 marked another significant year for Foreign Corrupt Practices Act (FCPA) enforcement. Despite COVID-19 restrictions, U.S. prosecutors at the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) continued to open new investigations, advance ongoing investigations, and reach resolutions totaling more than $3.7 billion in related corporate penalties, which excludes billions paid to foreign authorities in global resolutions. This year-end figure was the highest annual amount of penalties since the enactment of the FCPA. Two resolutions — one involving global aircraft provider Airbus SE (Airbus) and one involving global financial institution Goldman Sachs Group, Inc. (Goldman Sachs) — contributed significantly to that total. They were the two largest global anti-corruption resolutions of all time, amounting to more than $2 billion and $3 billion respectively in cumulative fines paid to

Sidley Austin LLP - Stephen L. Cohen, Scott R. Lassar, Marc Palay, Craig Francis Dukin, Douglas A. Axel, Lei Li, Kristin Graham Koehler, Karen A. Popp, Leslie A. Shubert, Joseph B. Tompkins Jr., Angela M. Xenakis, Timothy J. Treanor, Brian J. Stretch, Maurits J.F. Lugard, Michele Tagliaferri, Zhengyu Tang, Yuet Ming Tham and Chen Yang

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Filed under

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  • Capital Markets
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  • Sidley Austin LLP

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  • Foreign Corrupt Practices Act 1977 (USA)

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