Today, Acting Assistant Attorney General Kenneth Blanco delivered these remarks at a Foreign Corrupt Practices Act / OECD Convention Anniversary Conference held at NYU School of Law. This post excerpts portions of Blanco’s remarks.
But first a few comments.
In his speech, Blanco states that it “is astonishing to think about what the FCPA and OECD Anti-Bribery Convention have achieved in a relatively short period of time.” That of course depends on what the word “achieve” means. On one level, has the FCPA really “achieved” (after 40 years – not exactly a “relatively short time period”) its objective of reducing bribery given that there are more enforcement actions, not fewer, as the FCPA has matured?