DOJ to emphasize individual accountability, prior misconduct in corporate crime probes

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The Department of Justice (DOJ) announced sweeping changes to its efforts to fight corporate crime, including new guidance regarding individual accountability, voluntary self-disclosure of violations, independent compliance monitors, and ways to strengthen and sharpen a firm’s compliance culture.

In a speech Thursday at New York University’s law school, Deputy Attorney General Lisa Monaco laid out the results of the DOJ’s “top-to-bottom review” of its corporate enforcement efforts geared “to further strengthen how we prioritize and prosecute corporate crime.”

“Taken together, the policies we’re announcing today make clear that we won’t accept business as usual,” she said. “With a combination of carrots and sticks—with a mix of incentives and deterrence—we’re giving general counsels and chief compliance officers the tools they need to make a business case for responsible corporate behavior. In short, we’re empowering companies to do the right thing—and empowering our prosecutors to hold accountable those that don’t.”


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