Hughes Hubbard’s FCPA/Anti-Bribery 2013 Alert is a 432-page report covering an expansive list of corruption enforcement, including FCPA and related actions in 2013, plus a retrospective of the major FCPA cases since 2005.
Hughes Hubbard, a long-time sponsor of the FCPA Blog, reviews enforcement actions involving the world’s leading names in banking, retail, pharma, aviation, energy, food, telecom and automotive brought by the DOJ, SEC, World Bank, OECD, the UK Serious Fraud Office and other regulators.
I asked Kevin Abikoff, chair of the Hughes Hubbard’s Anti-Corruption and Internal Investigations Unit in Washington, D.C., about the Alert’s overall message.
“The year 2013 proved that the political will to enforce bribery-related laws and regulations has not diminished,” he said. “Anti-corruption topics are being discussed by everyone from international regulators to the Dalai Lama. People are seeing it as a cancer to development, a generalized harm to nations and the world economy.”
Abikoff sees more companies facing up to the reality that the public, regulators, governments, and non-governmental institutions are not going to tolerate corrupt behavior by companies. “This was the hope in 1977 when the FCPA was adopted,” he said. “That we’d appreciate that bribery is not a socially beneficial way of doing business.”
The FCPA/Anti-Bribery Alert Winter 2013 can be found here.
Julie DiMauro is the executive editor of FCPA Blog and can be reached here.