Any compliance officers looking for ammunition to take into budget planning meetings for 2010, I have some for you—not that the news is exactly what corporations want to hear.

I’ve been attending the Society for Corporate Compliance and Ethics’ annual conference for the last two days, and this morning attendees heard an excellent presentation from Ruben Castillo, federal judge and vice-chairman of the U.S. Sentencing Commission, and Gary Grindler, deputy assistant attorney general at the Department of Justice. They gave a recap of where corporate prosecutions are likely to go in the next few years, and what corporations should be doing to prepare for life in that climate.