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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-01-18T17:17:00
The Department of Justice (DOJ) unveiled new incentives to encourage companies to voluntarily report violations of the Foreign Corrupt Practices Act (FCPA), including steep discounts in monetary fines against businesses that self-disclose misconduct.
In a speech Tuesday at Georgetown University, Assistant Attorney General Kenneth Polite Jr. announced revisions to the DOJ’s FCPA corporate enforcement policy (CEP). The agency will consider reducing fines for criminal resolutions by 50-75 percent on the low end of U.S. sentencing guidelines for companies that self-disclose FCPA violations, cooperate with investigators, and remediate the misconduct.
In these circumstances, the DOJ will generally not require a guilty plea from the company to resolve the violation, said Polite, head of the agency’s Criminal Division.
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2023-02-28T14:52:00Z By Aaron Nicodemus
Stanley Black & Decker voluntarily disclosed to the Department of Justice and Securities and Exchange Commission its international division might have violated the Foreign Corrupt Practices Act.
2023-02-23T17:46:00Z By Aaron Nicodemus
The Department of Justice codified a new policy regarding the voluntary self-disclosure of corporate misconduct, following recent announcements on the updates by agency officials.
2023-01-26T17:01:00Z By Aaron Nicodemus
Scott Hulsey, partner at Barnes & Thornburg, former federal prosecutor, and a former chief compliance officer, discusses with Compliance Week how CCOs should respond to the Department of Justice’s recent policy changes regarding corporate crime.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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