Latin America Anti-Bribery Year-in-Review: 2020 Developments and Predictions for 2021

WilmerHale
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Despite the impacts of the COVID-19 pandemic, 2020 was an active year for Foreign Corrupt Practices Act (FCPA) enforcement - and anti-corruption enforcement more generally. Enforcement actions related to Latin America played a particularly prominent role, with many of the cases investigated and resolved by U.S. regulators involving companies operating in Latin America, and high-profile corruption scandals arising in several Latin American countries. Although the number of U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) enforcement actions was down in 2020 from recent years, the DOJ and SEC both remained active, making 2020 a record-breaking year with well over $6 billion in FCPA penalties.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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