Last week, the U.S. Securities and Exchange Commission (SEC) announced that Clear Channel Outdoor Holdings Inc. "agreed to pay more than $26 million to resolve charges that it bribed Chinese government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act (FCPA)."

Last week, Netherlands-based medical device company Koninklijke Philips N.V settled a case brought against it by the U.S. Securities and Exchange Commission ("SEC") for violations of the Foreign Corrupt Practices Act ("FCPA") by its subsidiary in China.

Senator Marco Rubio (R-FL) has introduced legislation which he says would "modernize the Foreign Corrupt Practices Act (FCPA) by clarifying that the definition of corrupt intent includes actions that excuse the genocide in Xinjiang, advance the Chinese Communist Party’s (CCP) propaganda efforts, or 'invest' in core