Welcome back to the podcast and thank you for joining us at the start of another year of bribe, swindle, or steel.

I'm Alexandra Roggey and my guest today for our 2018 year in review is Kara Brockmeier.

Kara is a litigation partner in the Washington Office of Debevoys and Plimpton,

where her practice focuses on representing companies and individuals in anti-corruption, fraud,

and related government investigations and internal investigations,

as well as advising on compliance issues.

Prior to joining the firm, Kara was the chief of the SEC Enforcement Division's FCPA unit and directed a nationwide team of attorneys and forensic accountants investigating FCPA violations.

She is a widely recognized expert in the field and a regular speaker at trace events for which we and our members are grateful. Thank you,

Karen, and happy New Year. Happy New Year. It's my pleasure to be here. There will be a number of

year-in review articles and webinars over the next couple of weeks, and I'd like to keep ours fairly

conversational. So why don't we just start by talking about what you see is the big story of 2018?

One of maybe the big story was that enforcement now for the second year in a row under the Trump

administration hasn't really fallen off. This year, the number of corporate actions and

individual actions ranked right up there with some of the biggest years, including 2016, that the government has had. So I think that's one story that you're going to see

a lot of people covering. So between the SEC and DOJ, there were a total of 18 corporate resolutions

done. The two of those were declinations with disgorgement under the DOJ's FCPA corporate

enforcement policy, which

we'll talk about in a minute.

And 16 of those were resolved either with SEC or DOJ actions or both.

There were five actions taken jointly by the two agencies, and then nine done by the SEC alone.

So once again, the SEC actually took more actions than DOJ because they had a total of

14 and DOJ had a total of nine, counting the five that overlap. That's actually the third

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