In light of changing U.S. priorities around the enforcement of anti-corruption laws, this paper argues for a “Reverse Marshall Plan” in which liberal democracies take the lead in rolling out an effective international anti-corruption regime with the potential to fully respond to any reduction in the United States’ enforcement of the Foreign Corrupt Practices Act (FCPA).<\/p>\n\n\n\n
While the United States has played the leading role prosecuting violations of the FCPA, the international community has played an ever-increasing role in U.S. prosecutions. FCPA cases are now completely transnational in scope, with whistleblowers from over 135 countries being the key informants, and over 47 non-U.S. law enforcement agencies working hand-in-hand on the U.S. cases. <\/p>\n\n\n\n
Given the internationalization of FCPA enforcement, over 71% of all sanctions obtained in these cases concern corporations headquartered outside the U.S. The sanctions obtained from these non-U.S. companies topped $21 billion, all of which can be reinvested to benefit the victims of corruption, offset the costs of prosecutions, and fill the void in funding for NGOs and newspapers covering corruption issues. <\/p>\n\n\n\n
This paper sets out six steps which democracies should follow in order to implement a \u201cReverse Marshall Plan.\u201d The steps are based on the successes of the OECD\u2019s Anti-Bribery Convention and the growing international acceptance of highly effective detection and enforcement tactics used by U.S. prosecutors under the FCPA. Together these proven models provide a powerful foundation for liberal democracies (and other nations committed to anti-corruption) to pick-up where the U.S. left off.<\/p>\n","protected":false},"excerpt":{"rendered":"
In light of changing U.S. priorities around the enforcement of anti-corruption laws, this paper argues for a “Reverse Marshall Plan” in which liberal democracies take the lead in rolling out an effective international anti-corruption regime with the potential to fully respond to any reduction in the United States’ enforcement of the Foreign Corrupt Practices Act […]<\/p>\n","protected":false},"author":1,"featured_media":2432,"template":"","meta":{"_acf_changed":true},"download-category":[],"class_list":["post-2430","file-download","type-file-download","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n