Stryker Corporation has suffered a second FCPA enforcement action, and will now bear the stigma of FCPA “recidivist.” In reaching a settlement with the SEC and agreeing to pay a $7.8 million civil penalty, Stryker will now be subject to an SEC-imposed compliance monitor. In this episode, Michael Volkov reviews the facts surrounding the Stryker SEC settlement.
No one needs to be reminded about the importance of anti-corruption compliance. For global companies, anti-corruption risks are amongst the top 3 risks identified by corporate leaders. Global companies face a growing network of international anti-corruption law enforcement agents and prosecutors who are coordinating and sharing intelligence. The globalization of anti-corruption enforcement has increased significantly the risk of detection and prosecution. While the Justice Department...
