Clifford Chance

The Asia Pacific Top Ten FCPA Enforcement Actions of 2018

29 January 2019

The pace of Foreign Corrupt Practices Act ("FCPA") enforcement in Asia Pacific remained steady in 2018, but not of torrential proportions. Notable cases from the region included Panasonic's $280 million settlement with the US Department of Justice ("DOJ") and the US Securities and Exchange Commission ("SEC"), a "princelings" settlement with Credit Suisse in Hong Kong, and ongoing investigations related to 1 Malaysia Development Berhad ("1MDB"). Two of the five unrelated cases concluded by the DOJ in 2018, and half of the SEC's 14 cases, involved conduct arising in Asia Pacific. 

Download PDF