Stanford Law School Together with Sullivan & Cromwell Launch the Foreign Corrupt Practices Act Clearinghouse

There is a new online research tool that will change the way everyone analyzes the Foreign Corrupt Practices Act.  The great people at Stanford Law School and Sullivan & Cromwell have recently introduced the FCPA Clearinghouse (FCPAC).

According to the recently issued press release, the FCPAC provides business leaders, law firms, policymakers, scholars, judges, the media and the general public with a comprehensive database of enforcement actions and information related to the FCPA, all at no charge. Users can search and sort data about FCPA enforcement actions according to their individual needs and interests. They can view original documents, access relevant laws and precedent, and read articles about FCPA compliance and enforcement.

The FCPA has to date generated more than 400 enforcement actions by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), implicating transactions in more than 100 countries. Defendants in these prosecutions have paid fines and penalties in excess of $7 billion, and the government has signaled its intention to substantially increase its enforcement efforts. Foreign nations are also intensifying their efforts to combat corruption by enacting new legislation and by participating in multilateral conventions and working groups aimed at reducing the incidence of bribery on a global basis.

Congratulations to the FCPAC team on this exceptional new research tool that will help to solve the serious problem of global corruption.