NEW YORK, July 18, 2011 /PRNewswire/ -- While Foreign Corrupt Practices Act (FCPA) prosecutions in the United States continued apace, the first half of 2011 showed some signs that judicial decisions and congressional scrutiny were leading to more - or, in some cases, less - clarity concerning the scope of the statute and the government's enforcement policy, according to global law firm Shearman & Sterling's semiannual report, "Recent Trends and Patterns in FCPA Enforcement," part of the firm's widely distributed FCPA Digest.Although the US government continues to collect record and headline-making fines in some FCPA prosecutions, the average corporate penalty continues to be relatively moderate, the analysis found. At the same time, overseas developments, particularly the coming into force of the UK Bribery Act, demonstrated the possible globalization of anti-corruption enforcement efforts.
Other International Efforts
The "Trends and Patterns" report is part of Shearman & Sterling's renowned FCPA Digest, which is also available as an online, searchable database at http://fcpa.shearman.com. Users can access the on-line database to identify enforcement actions by a number of risk-based criteria, including geography, industry sector, and types of intermediaries and then generate a p...