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Hot Topics in Global Ethics & Compliance

2015 - A Record-Breaking Year?

February 18, 2015

By Erica Salmon-Byrne

FCPA violation fines reached nearly $1.5B in 2014, a higher total than any other year besides 2010. Current trends suggest that, like the works of Oyzmandias, 2010’s record amount won’t stand for much longer. Regulatory agencies around the globe are increasingly eager to hit offending organizations – and individuals - with big fines and penalties (see, for example, Brazil’s arrest last week of a third former executive of Petrobras. Or the Alstom manager indicted this week in the UK). The two big fines that capped 2014, including the record-breaker against Alstom, exemplify the type of newsworthy enforcement actions that regulatory agencies continue to actively pursue.