US anti-corruption developments – 2019 in review

By Diaz Reus Partners Richard Wiedis, Greg Ahlgren, and Associate Attorney Javier Coronado.

Throughout 2019, the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) continued to actively investigate and prosecute individuals and corporations under the Foreign Corrupt Practices Act (FCPA) for suspected involvement with political corruption and/or bribery around the world. The US implemented further aggressive measures to fight corruption, including economic sanctions administered by the Office of Foreign Assets Control (OFAC), and civil actions by the US Federal Reserve Board and the Commodity Futures Trading Commission (CFTC).

In addition, US anti-corruption agencies released new guidance to further clarify what the US expects from companies with respect to self-reporting, co-operation, and corporate compliance.