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How do you know it was highly effective? Do the audits enhance compliance or just ensure non-compliance is well concealed? The SEC's enforcement actions page sh
by mcguire 5y ago
How do you know it was highly effective? Do the audits enhance compliance or just ensure non-compliance is well concealed? The SEC's enforcement actions page shows a continuous stream of actions against large corporations ("Goldman Sachs Group, Inc. - The firm agreed to pay more than more than $1 billion to settle SEC charges that it violated the anti-bribery, books and records, and internal accounting controls provisions of the FCPA in connection with the 1Malaysia Development Berhad (1MDB) bribe scheme. See related action against Tim Leissner (10/22/20).") since they ramped up enforcement in 2007. How do you know that's not just the tip of the iceberg?
[edit] URL: https://www.sec.gov/enforce/sec-enforcement-actions-fcpa-cases https://www.sec.gov/enforce/sec-enforcement-actions-fcpa-cas...