As has been widely reported in the mainstream and legal media, U.S. anti-corruption efforts have stepped up considerably over the past few years. These efforts have largely been focused on breathing new life into an old law, the Foreign Corrupt Practices Act (FCPA), which previously was seldom enforced.[1] As recent large-dollar pleas and settlements demonstrate, the increased resources devoted to FCPA enforcement at the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have yielded more and bigger cases.
In the United Kingdom, where existing anti-corruption laws were also infrequently enforced, the passage of the so-called U.K. Bribery Act of 2010, which came into effect on July 1, could signal a more stringent enforcement environment.
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