As evidenced by the nearly $2.8 billion in monetary remedies collected by the DOJ and SEC in 2020 – including through resolution of two of the largest global corruption cases in history – FCPA enforcement remained a priority for them. We expect this trend to continue under the Biden Administration, especially in light of President Biden’s prioritization of anti-corruption efforts as a “core national security interest.” The President has also pledged to convene a global Summit for Democracy in 2021, which will focus on developing a common agenda and securing country commitments related to three areas, one of which is fighting corruption. The Administration also established a new International Anticorruption Champions Award to recognize individuals combating corruption in their own countries.
Source:
- Foley Hoag: Anti-Corruption 2021
