The two federal agencies tasked with enforcing the Foreign Corrupt Practices Act took very different approaches in 2015, according to a report released on Monday. The U.S. Department of Justice sought to hold individuals accountable, while the U.S. Securities and Exchange Commission mostly wielded the anti-bribery statute against corporations.
In its 2015 year-end FCPA update, Gibson, Dunn & Crutcher reported that the DOJ and the SEC each brought 10 enforcement actions under the FCPA last year. That’s a notable drop from 2014, when the agencies brought a combined 26 enforcement actions. The dual enforcers brought a combined 27 actions in 2013.
