Bribery runs deep in the corporate culture. Many a times companies bribe foreign government officials to win contracts and other favors. To prevent companies and individuals from paying bribes to foreign officials, the United States passed a law called the Foreign Corrupt Practices Act (FCPA) in 1977. The Securities and Exchange Commission (SEC) and the Department of Justice are responsible for enforcing the FCPA. Here we take a look at the top 10 biggest FCPA settlements since the law came into effect in 1977.
The FCPA units of the SEC and DOJ have been super active over the last few years. In 2019 alone they imposed a staggering $2.9 billion of penalties on dozens of companies and individuals. But reckless companies, both American a