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Straddling the global enforcement pond

Matthew Reinhard | January 31, 2017

As cooperation between U.S. and U.K. enforcement authorities investigating and prosecuting financial and business crimes becomes commonplace, companies should be prepared to field simultaneous inquiries or interactions with law enforcement authorities in each country.

An alphabet soup of law and regulatory agencies in both the United States and the United Kingdom occupy the field of business regulation and investigations, but the U.S. Department of Justice’s Fraud Section and the U.K.’s Serious Fraud Office have, perhaps, the longest and most notable history of cross-border cooperation. Both agencies are broadly charged with investigating and prosecuting financial crimes, bribery, and other corporate malfeasance.

This cooperation and coordination is set to expand dramatically in the coming years, as the Department of Justice recently announced a new position whereby a Department of Justice attorney will be sent to the United Kingdom for two years, first to work with...

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