Last Wednesday, J&F Investimentos S.A. and a subsidiary agreed to pay a total of $285 million to settle FCPA charges brought by the SEC and DOJ. With that settlement, the Foreign Corrupt Practices Act hit its two biggest milestones yet.
The first milestone: 2020 has officially become the largest year ever for FCPA settlements, with resolutions worth $2.94 billion. Falling to second place is 2019, with total settlements valued at $2.9 billion.
So far in 2020, there have been nine FCPA corporate settlements, compared to fourteen in 2019.
The second milestone: The J&F settlement pushed total FCPA penalties — since the Act’s inception in 1977 — to over $20 billion. About 90 percent of that amount is attributable to enforcement actions over the last ten years.
Here’s a look at FCPA enforcement amounts by decades:
|2020s (so far)||$2.9 billion|
The full YTD FCPA Enforcement Report for companies and individuals is available on FCPA Blog+. Members also have access to the complete corporate enforcement index, the same tool we used to research this post.