Urgency of COVID-19 exacerbates corruption risk in Indonesia, says deputy chair of anti-graft commission Toggle share menu
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Indonesia s Corruption Eradication Commission (KPK) deputy chairman Nurul Ghufron (Photo: Nivell Rayda)
09 Mar 2021 06:10AM) Share this content
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JAKARTA: The urgency of the COVID-19 pandemic in Indonesia, especially in terms of procuring medical supplies and rolling out social assistance packages, has heightened the risk of corruption, said a deputy chairman of the Corruption Eradication Commission.
In an exclusive interview with CNA, Mr Nurul Ghufron noted that COVID-19 has prompted the government to loosen regulations and bypass procedures in order to procure health equipment quickly as well as to roll out incentives and social aid in a timely manner.
Recovering from a relatively slow start to the year, due in no small part to the global pandemic, the U.S. Foreign Corrupt Practices Act (“FCPA”) Units of the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) closed the year with a bang. With 32 combined FCPA enforcement actions, 51 total cases including ancillary enforcement, and a record-setting $2.78 billion in corporate fines and penalties (plus billions more collected by foreign regulators), 2020 marks another robust year in the annals of FCPA enforcement.
This client update provides an overview of the FCPA and other domestic and international anti-corruption enforcement, litigation, and policy developments from 2020, as well as the trends we see from this activity. We at Gibson Dunn are privileged to help our clients navigate these challenges daily and are honored again to have been ranked Number 1 in the