At the end of 2008, Siemens AG agreed to pay a record $1.34 billion to settle charges of violating the Foreign Corrupt Practices Act (FCPA).
At the close of 2009, it was reported that record levels of FCPA violations were investigated by the Department of Justice and the Securities and Exchange Commission — 2009 was the fourth time in the past five years that these activities had reached an all-time high. We are seeing a parade of high-profile corporations moving from the boardroom to the courtroom to defend their practices.
