Executive Order: A New Era in Anti-Corruption Enforcement? The executive order, signed by President Trump on January 17, 2021, aims to pause the enforcement of the Foreign Corrupt Practices Act (FCPA) for 120 days. This pause will have significant implications for companies operating globally, particularly those in industries with high corruption risks. Key aspects of the executive order:
- The pause will apply to all FCPA enforcement actions, including investigations and prosecutions. The order will not affect the FCPA’s anti-bribery provisions. The pause will be in effect until July 17, The executive order has sparked intense debate among experts and stakeholders.
Executive Order on FCPA Enforcement
On January 25, 2023, the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) issued a joint statement announcing the implementation of a new executive order on Foreign Corrupt Practices Act (FCPA) enforcement. This executive order aims to strengthen the government’s efforts to combat corruption and ensure that U.S.
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