USA DOJ EXPANDS PENALTY REDUCTIONS FOR COMPANIES COOPERATING WITH FOREIGN CORRUPT PRACTICES PROBESUSA DOJ EXPANDS PENALTY REDUCTIONS FOR COMPANIES COOPERATING WITH FOREIGN CORRUPT PRACTICES PROBES
January 22nd, 2023
The USA department of justice (DoJ) has expanded the benefits available to corporations involved in overseas commercial crime should they cooperate with police and prosecutors, offering them up to a 75% reduction in punishments - up from an earlier 50% maximum. Assistant attorney general Kenneth A Polite, speaking at Georgetown University, Washington DC, yesterday (January 17), said new guidance under the DoJ Foreign Corrupt Practices Act (FCPA) Corporate Enforcement Policy (CEP), would apply to companies who immediately self-disclosed offences to law enforcement ...
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