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Enforcement activities under the Foreign Corrupt Practices Act have increased, particularly against individuals, according to a new report. The number of investigations grew from nine companies in 2003 to 29 in 2007, the report found. Individual prosecutions have also increased, from four in 2006 to 10 in 2007, the report found. “We are seeing a dramatic increase in DOJ prosecutions and SEC actions,” said Danforth Newcomb, a partner in New York’s Shearman & Sterling, which published the report. Newcomb, who was referring to the U.S. Department of Justice and the Securities and Exchange Commission, leads his firm’s FCPA practice. The report talks about several recent trends, such as an increase in joint investigations with other countries; aggressive prosecution by the DOJ, the burden of responsibility increasingly being placed on individuals, and the rise in penalties being imposed. The 11-page report is available on Shearman & Sterling’s Web site.

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