US-led anti-bribery investigations hit record levels

At least 111 companies worldwide are being investigated for bribery by the US authorities, setting a record number for such probes, according to data compiled by international law firm Freshfields Bruckhaus Deringer. About one-third of the companies are based outside the US. The investigations are led by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) and carried out under the Foreign Corrupt Practices Act (FCPA), the US law designed to crack down on the br