In 2012, compliance lawyer Alexandra Wrage appeared on CNBC’s “Squawk Box” to discuss anti-corruption measures, with Donald Trump making an appearance as well. Trump criticized the FCPA, a law that prohibits U.S. companies from paying bribes overseas. Despite initial concerns, the Trump administration actually increased FCPA enforcement during its first term, with more resources devoted to anti-corruption efforts. While some fear that the second Trump administration may not prioritize corruption prosecutions, others believe there is an opportunity to use the FCPA strategically in foreign policy efforts. The Global Magnitsky Act, which allows the U.S. to sanction individuals for human rights abuses, was passed during Trump’s first term, and there are concerns about inconsistent application of such laws in the future. The selection of key leadership positions, such as secretary of state and attorney general, will be crucial in determining the administration’s stance on corruption. At the end of the day, the effectiveness of anti-corruption efforts will depend on the individuals appointed to key roles and their commitment to enforcing existing laws.
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What approach will a new Trump administration take to combat corruption?
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