Juggernaut of US enforcement agencies
The average cost of enforcement actions
carried out on the back of the US Foreign Corrupt Practices Act (FCPA)
increased significantly last year.
According to research undertaken by law
firm Gibson Dunn, the typical value of a monetary
resolution in this area reached $156.6 million (£102.8 million) in 2014. This
is close to double the $80 million that was recorded in 2013 and well above the
$21.7 million figure from 2012.
Gibson Dunn revealed that since 2004,
the average value of FCPA enforcement action has only fallen below $20 million
twice. Meanwhile, some 14 cases have now exceeded the $100 million mark.
"Within the last decade, FCPA
enforcement has become a juggernaut of US enforcement agencies," the law
firm stated.
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