Top 10 International Anti-Corruption Developments For December 2018

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments in the past month, with links to primary resources. This month we ask: What were the final Foreign Corrupt Practices Act (FCPA) resolutions of 2018? Who was convicted by a New York jury for violating the FCPA? How often are public officials sanctioned in foreign bribery cases? The answers to these questions and more are here in our December 2018 Top 10 list.

1. American Telecommunications Company Settles China FCPA Charges with SEC, Receives Declination With Disgorgement From DOJ. On December 26, 2018, the U.S. Securities and Exchange Commission (SEC) announced that Polycom, Inc. had agreed to pay more than $16 million in disgorgement, prejudgment interest, and a civil penalty to resolve allegations that it violated the FCPA's accounting provisions with regard to its Chinese sales operations.