Wednesday, November 20, 2013
On November 19th, 2013, Andrew Ceresney, Co-Director of the Division of Enforcement at the SEC, delivered the keynote address at the International Conference on the Foreign Corrupt Practices Act in Washington, D.C. Ceresney summarized his remarks in the following manner:
In short, let me assure you that [the SEC] will remain the vigilant cop on the beat when it comes to the FCPA. I am confident that we will remain aggressive and proactive in enforcing the FCPA. And through strong enforcement, we will continue to level the playing field for U.S. companies doing business abroad and hold corrupt actors accountable when they fail to play by the rules. We also recognize, however, that successful enforcement is assisted by cooperation from others.
Ceresney's remarks suggest that aggressive enforcement of the FCPA will continue, and there will be no return to the "quiet period" that occurred during the first few decades of the FCPA's existence in which enforcement actions were few and far between.