Regulations

Identify FCPA Foreign Corruption Anti-Bribery Risks and Prevent Violations

In spite of an upturn in FCPA foreign corruption anti-bribery enforcement activities, economic and shareholder-value concerns are still expected to pressure companies to look abroad for their cost-cutting and market growth opportunities.

Aggressive Enforcement of FCPA Anti-Bribery Violations is a 'Sleep Well' Risk

  • Civil and criminal penalties for violations of the FCPA Anti-bribery and Books and Records violations are significant:

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  • The SEC and DOJ have become far more aggressive with FCPA enforcement—greatly increasing both corporate risk and regulatory pressures. The Top 10 FCPA Settlements fines add up to an eye-popping $4.6 billion.

Top 10 FCPA Settlements

  • Rank Company Fine
    (Civil/Criminal)
    Year
    1 Siemens $800,000,000.00 2008
    2 Alstom $772,000,000.00 2014
    3 KBR / Halliburton $579,000,000.00 2009
    4 BAE $400,000,000.00 2010
    5 Total SA $398,000,000.00 2013
    6 VimpelCom $397,600,000.00 2016
    7 Alcoa $384,000,000.00 2014
    8 Snamprogetti Netherlands B.V. / ENI S.p.A $365,000,000.00 2010
    9 Technip SA $338,000,000.00 2010
    10 JGC Corporation $218,000,000.00 2011

  • One result of this increased and very public enforcement is a surge in companies seeking more robust and structured approaches to anti-bribery and other 'sleep well' risks. Many are examining their FCPA and other trade compliance programs to determine where enhancements are needed and how best to satisfy board and executive-level expectations.

Visual OFAC™ FCPA Anti-Bribery Software Solutions

  • Visual OFAC is a full suite of FCPA compliance software solutions including advanced online and integrated PEP screening.