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John Davis Quoted on the DOJ Expanding its Cooperation with Foreign Governments in International Trade Today

"FCPA Cooperation with Foreign Governments Likely to Expand in 2024, Lawyers Say"

International Trade Today

John Davis commented on the anticipated expansion of the U.S. Department of Justice's (DOJ) cooperation with foreign governments in investigating Foreign Corrupt Practices Act (FCPA) violations. "Last year saw FCPA enforcement actions almost reach pre-COVID-19 pandemic levels, and more are expected in 2024," Davis said. With the DOJ recently cooperating with South Africa and Colombia for the first time, Davis predicts the DOJ will further combine its FCPA enforcement efforts with Latin American and European nations. Davis also noted that one reason other countries are cooperating more with the U.S. is due to DOJ's willingness to give the other authorities a larger share of the fines and penalties received from prosecuting these cases "as an incentive for them to cooperate in these types of cases." Davis also commented on the DOJ's increased use of public and non-public data to drive investigations, including data from personal messaging applications such as WhatsApp.