CORRECTION APPENDED: A new policy directing U.S. civil and criminal attorneys to collaborate earlier when investigating violations by corporate employees promises to expedite related penalties from the Treasury Department and other regulators. In a memorandum issued Wednesday, U.S. Deputy Attorney General Sally Quillian Yates instructed federal prosecutors overseeing investigations into alleged corporate misconduct to notify their civil counterparts as early as possible of individual behavior that could trigger fines or other enforcement actions. "Consultation between the department's civil and criminal attorneys, together with agency attorneys, permits consideration of the full range of the government's potential remedies and appropriate resolution in...
The U.S. Justice Department on Monday formally revised prosecutorial guidance to clarify that companies facing criminal investigations must turn over data on individual employees to receive credit for cooperation.
Banks are reconsidering their compliance policies in light of federal guidance issued this month clarifying how prosecutors should build white-collar crime cases against corporations and their employees, according to sources.
print