(Photo: Andrew Harrer/Bloomberg News)
The Justice Department has written a draft policy that if adopted would result in prosecutors pursuing fewer cases against companies for allegedly bribing foreign officials to win business.
The proposal is an effort to increase the incentive for companies to be forthcoming about wrongdoing by their officials and give the business community clearer guidance on penalties under the Foreign Corrupt Practices Act (FCPA).
“Increased transparency benefits everyone,” said Leslie Caldwell, head of the Justice Department’s criminal division, in a May speech that foreshadowed the policy shift. “If companies know the benefits that likely will flow from self-reporting or cooperating with the government’s investigation, we are confident that more companies will be willing to voluntarily disclose” misconduct — including naming culpable employees.
The original article can be found at washingtonpost.com