The DOJ will restart enforcement of the decades-old law outlawing foreign bribery, with a scaled-down approach aimed at reducing burdens on U.S. companies, according to a memo and remarks by a top official. Read more from Chris Prentice.
The new approach, detailed in a memo from Deputy Attorney General Todd Blanche, will focus the DOJ's scrutiny on alleged misconduct that hurts U.S. firms' ability to compete with foreign rivals, involves key infrastructure and is tied to operations of a cartel or transnational criminal organization.
"The through line in these guidelines is that they require the vindication of U.S. interests," Matthew Galeotti, head of the DOJ's criminal division, said at an anti-corruption event in New York
The number of prosecutors in the DOJ's unit tasked with enforcing that law has dwindled in recent months after President Trump ordered a review of U.S. enforcement of the 1977 Foreign Corrupt Practices Act, which outlaws companies that operate in the U.S. from bribing foreign officials.
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