The record-setting bilateral settlement between Société Générale S.A. (SocGen) and the French and U.S. governments demonstrates the rapid progression of the countries’ working relationship and France’s commitment to anti-corruption enforcement. Viewed alongside the accompanying DOJ settlement with Legg Mason, the matter also highlights the delicate balance the DOJ faces when trying to coordinate with other U.S. enforcement agencies and foreign governments simultaneously. Drawing on opinions from experts in the U.S. and France, this article analyzes the policy implications of the two matters. In a companion article, we detailed the bribery scandal underlying the charges against both companies and dissected the terms of their settlements. See “SocGen Reaches Historic Deal With France and U.S., Legg Mason Tags Along” (Jun. 27, 2018).