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Stanford Foreign Corrupt Practices Act Clearinghouse a Collaboration with Sullivan & Cromwell LLP

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NOTICE OF WEBSITE UNAVAILABILITY


Beginning at 9:30 PM PST (12:30 AM EST), Friday, February 21, 2025, the Foreign Corrupt Practices Act Clearinghouse (FCPAC) website will be unavailable intermittently for 30 minutes while maintenance and testing is performed on the FCPAC server. Maintenance is expected to be completed by 10:00 PM PST (1:00 AM EST)
  • 2024 FCPA Year in Review

    The DOJ and SEC filed 26 FCPA-related Enforcement Actions in 2024. Each bribery scheme seems to have yielded more unique actions against a corporation and its subsidiaries, employees, and agents, but that fewer separate schemes were targeted for enforcement in 2024 · Download FCPA Article

    Sullivan & Cromwell LLP
  • PRESIDENT TRUMP ISSUES EXECUTIVE ORDER PAUSING FCPA ENFORCEMENT · FEB 12, 2025

    —Executive Order Requires Attorney General to Review FCPA Enforcement Guidelines and Current and Past FCPA Enforcement Actions


    On February 10, 2025, President Trump issued an Executive Order directing the Attorney General to pause Foreign Corrupt Practices Act (FCPA) investigations and prosecutions pending the review of all FCPA guidelines and past and existing FCPA investigations and actions. Following this 180-day review period, the Attorney General is directed to issue revised FCPA enforcement guidance that will govern all future or existing FCPA investigations and prosecutions. These revised guidelines will require the Attorney General to "specifically authorize" future FCPA investigations and prosecutions. The Executive Order requires the Attorney General to determine if any "remedial measures" are warranted to address "inappropriate past FCPA" actions.

    The Executive Order, titled "Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security," states that the mandated review is intended to address "overexpansive and unpredictable FCPA enforcement." The fact sheet accompanying the Executive Order states that "U.S. companies are harmed by FCPA overenforcement because they are prohibited from engaging in practices common among international competitors, creating an uneven playing field." · Download FCPA Article