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U.S. and France Ride New Wave of Anti-Corruption Cooperation

Thomson Reuters

In this article, Margot Laporte discusses the first coordinated resolution by U.S. and French authorities in a foreign bribery case. The June 4, 2018 resolution entered into with Société Générale S.A., one of the largest financial institutions in France, represents a remarkable evolution in anti-corruption cooperation and enforcement between U.S. and French authorities. While France has long faced pressure to enhance its enforcement of anti-corruption laws, this coordinated resolution, coupled with a new anti-corruption law known as the Loi Sapin II, demonstrates a new commitment by French authorities towards regulating companies that operate within the country's jurisdiction, enforcing international anti-corruption standards, and cooperating with the U.S. in doing so.