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ARTICLE · 20 SEPTEMBER 2022

DOJ Expands Framework For Cracking Down On Corporate Crime

Monaco noted that the "clearest path for a company to avoid a guilty plea or an indictment is voluntary self-disclosure."

United StatesCorporate/Commercial Law

Highlights

  • U.S. Deputy Attorney General Lisa O. Monaco made clear in a recent speech that the U.S. Department of Justice (DOJ) would no longer "accept business as usual" when it comes to prosecution of corporate crime, announcing a number of policy changes that focus on holding individuals accountable and resolving cases quickly.
  • Monaco emphasized that the top priority for corporate criminal enforcement remains going after individual wrongdoers who commit and profit from corporate crime, whether they are "on the trading floor or in the C-suite."
  • On the corporate responsibility front, Monaco focused on four areas that DOJ will consider in resolving cases against business entities: 1) history of misconduct, 2) voluntary self-disclosures, 3) independent compliance monitors and 4) corporate culture.

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