And a Look Ahead to 2021 and Beyond
2020 was a record-breaking year in many enforcement areas. For example, the SEC obtained judgments and orders totaling approximately $4.68 billion in disgorgement and penalties—the highest amount ever recorded by the SEC. The SEC also awarded approximately $175 million in total whistleblower awards to 39 individuals, breaking the records set in prior years.
The DOJ for its part began and ended the year with record-breaking resolutions in FCPA enforcement actions. On January 31, 2020, the DOJ announced that Airbus SE agreed to pay combined penalties of $3.9 billion, the largest resolution at the time. Then in October 2020, The Goldman Sachs Group broke that record when it agreed to pay more than $2.9 billion to resolve an enforcement action, which now is the largest settlement in FCPA history
In this eBook, we provide a high-level review of some of the more significant developments, activities, enforcement actions, and resolutions at the SEC, DOJ (Criminal and Civil Divisions), the Commodity Futures Trading Commission (“CFTC”), the U.S. Department of the Treasury (including the Office of Foreign Assets Control (“OFAC”), and the Financial Crimes Enforcement Network (“FinCEN”), with a focus on the FCPA, antitrust laws, anti-money laundering laws, securities laws, financial and accounting fraud, and U.S. sanctions violations.
Download the eBook below.