Senior FCPA enforcement officials from the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) discussed enforcement trends and priorities at this year’s ACI International Conference on the Foreign Corrupt Practices Act on November 30 and December 1, 2016. The DOJ Chief of the Criminal Division’s Fraud Section, Andrew Weissmann, and Chief of the Fraud Section’s FCPA Unit, Daniel Kahn, and the SEC’s FCPA Unit Chief, Kara Brockmeyer, offered their thoughts. The speakers clarified that their remarks reflected their own views and not the views of their respective agencies. This is the sixth year that the FCPAméricas Blog has summarized what FCPA enforcement officials are saying at ACI (see overviews from 2011... Read more
In his keynote address at the 2016 ACI International Conference on the Foreign Corrupt Practices Act, the Director of the SEC’s Enforcement Division, Andrew Ceresney, said: “This is my fourth year here as Director of Enforcement and a tremendous amount has happened in FCPA enforcement over the last four years . . . During this time, we have seen tremendous improvement in FCPA awareness and compliance both in the United States and abroad.”
On March 10, 2015, Chile’s President Michelle Bachelet established the Presidential Advisory Council against Corruption, Influence-Peddling, and Conflicts of Interest (“Consejo Asesor Presidencial contra los Conflictos de Interés, el Tráfico de Influencias, y la Corrupción”) (“Council”). The impetus for founding the Council was a series of political scandals in recent years that resulted in plummeting public confidence in the Chilean government.
In January of 2015, authorities investigated Andrés Velasco, the Finance Minister during Bachelet’s first term, for alleged illegal financing of his 20... Read more