Blog Posts: anti-corruption
When nearly two million tourists and sports fans overtake London this summer for the Olympic Games, many of them will wine and dine at corporate hospitality suites. Some will even receive coveted tickets to sold-out events from vendors and business partners. The companies that provide all that hospitality must learn the ins and outs of the UK Bribery Act, which criminalizes gifts that are given with the intention of improperly influencing the recipient. If the British government determines that a company's Olympics hospitality package violated the Act, UK authorities can impose virtually unlimited fines and jail individual offenders for up to ten years.
In a number of recent speeches, the head of the U.S. Department of Justice (DOJ), Lanny Breuer, has described the DOJ's focus on FCPA enforcement as "stronger than it's ever been — and getting stronger." In 2010, the total number of FCPA enforcement actions rose significantly over the number in the previous year — from 45 actions against companies and individuals in 2009 to 76 actions in 2010.