Global Anti-Corruption Insights: Winter 2018

Despite a brief lull in the first few months of the Trump Administration, 2017 turned out to be yet another active year of enforcement under the US Foreign Corrupt Practices Act. The US Department of Justice brought over two dozen criminal FCPA enforcement actions against companies and individuals in 2017. In the second half of 2017, the DOJ announced three blockbuster corporate settlements in coordination with enforcement authorities in other countries—Telia agreed to pay a total of $965 million to the United States, the Netherlands, and Sweden; Keppel Offshore agreed to pay more than $422 million to the United States, Singapore, and Brazil; and SBM Offshore agreed to pay $238 million to the United States on top of the $240 million it previously paid Dutch authorities and additional penalties it is likely to pay Brazil.