Posts Tagged With Policy

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Acting Deputy Assistant Attorney General M. Kendall Day of the Criminal Division Delivers Testimony Before the Senate Committee on the Judiciary

On February 6, 2018, Acting Deputy Assistant Attorney General M. Kendall Day of the DOJ’s Criminal Division testified before the Senate Judiciary Committee, which held a hearing titled “Beneficial Ownership: Fighting Illicit International Financial Networks Through Transparency.”  In his remarks, Day highlighted gaps in anti-money laundering laws that are increasingly exploited through the misuse of corporate structures, referring to the “pervasive use of front companies, shell companies, [and] nominees” as “one of the greatest loopholes” ... Continue Reading

Deputy Assistant Attorney General Trevor McFadden Delivers Remarks at Global Investigations Review Conference in Washington, DC

On February 16, 2017, Deputy Assistant Attorney General Trevor McFadden delivered remarks on FCPA enforcement at the Global Investigations Review Conference in Washington, DC.  McFadden’s remarks, delivered 40 years after the passage of the FCPA, described the history of FCPA enforcement and signaled continuity in DOJ’s approach under the new Administration.  McFadden described the past 15 years of FCPA enforcement as a continuous effort under the Bush and Obama Administrations, and signaled continuity with DOJ’s ... Continue Reading

Deputy Attorney General Sally Yates Delivers Remarks at International Conference on Foreign Corrupt Practices Act

On November 30, 2016, Deputy Attorney General Sally Yates delivered remarks at the International Conference on the Foreign Corrupt Practices Act.  Yates stated that “we cannot forget that behind every bribe and illegal payment is one or more individuals who knew what they were doing was wrong and nonetheless broke the law,” and noted the need to “ensure that whoever is responsible is held accountable.”  Yates added that “the best way to deter individual conduct ... Continue Reading

Acting Assistant Attorney General Renata Hesse of the Antitrust Division Delivers Remarks at Fordham Competition Law Institute’s 43rd Annual Conference on International Antitrust Law and Policy

On September 23, 2016, Acting Assistant Attorney General Renata Hesse spoke at the Fordham Competition Law Institute’s Conference on International Antitrust Law and Policy in New York.  Hesse addressed the transition from “one-off exchanges of information to ongoing, mutually enriching relationships” in the context of cooperation between the United States and other international antitrust authorities, and discussed the benefits that have resulted from greater cooperation.  Hesse said that cooperation benefits not only enforcement agencies by ... Continue Reading

Principal Deputy Assistant Attorney General Caroline D. Ciraolo Delivers Remarks Regarding DOJ’s Efforts to Combat Tax Evasion and Individual Accountability

On September 5, 2016, Principal Deputy Assistant Attorney General Caroline D. Ciraolo delivered remarks at the Cambridge International Symposium on Economic Crime regarding DOJ’s efforts to combat tax evasion.  After providing statistics on the DOJ Tax Division’s efforts to prosecute those who evade taxes, Ciraolo turned to the Tax Division’s focus on individual accountability.  Noting that over one year had passed since Deputy Attorney General Yates spoke of the importance of individual accountability in corporate ... Continue Reading

Acting Associate Attorney General Bill Baer Delivers Remarks on Individual Accountability at American Bar Association’s 11th National Institute on Civil False Claims Act and Qui Tam Enforcement

In his remarks on June 9, Acting Associate Attorney General Bill Baer highlighted the significance of the qui tam provisions of the False Claims Act and reaffirmed DOJ’s commitment to investigating and charging individuals alongside companies for corporate misdeeds, noting that “companies act through their executives.”  Baer went on to explain DOJ’s expectations regarding corporate cooperation: “companies that are facing FCA allegations and want a settlement to credit their cooperation are expected to disclose all ... Continue Reading

Justice Department Proposes Legislation to Advance Anti-Corruption Efforts

On May 5, DOJ announced several proposals it will submit to Congress to amend federal corruption laws focusing on international corrupt actions and federal program bribery.  The Department announced a number of proposals relating to transnational corruption, including proposals to expand the scope of money laundering statutes to permit prosecution of any act of foreign corruption that would be money laundering if committed domestically; permit administrative subpoenas in money laundering cases; increase the power to ... Continue Reading

Deputy Attorney General Sally Quillian Yates Delivers Remarks at American Banking Association and American Bar Association Money Laundering Enforcement Conference

On November 16, Deputy Attorney General Sally Quillian Yates gave a speech regarding the implementation of the DOJ’s recent policy initiatives relating to the prosecution of individuals outlined in the “Yates Memo,” issued on September 9, 2015.  The speech also discussed the incorporation of these policy initiatives into the U.S. Attorney’s Manual.  The revisions emphasize “the primacy in any corporate case of holding individual wrongdoers accountable”; list steps prosecutors are expected to take to maximize ... Continue Reading

New Compliance Counsel Expert Retained by the DOJ Fraud Section

On November 3, DOJ announced that it retained Hui Chen as a full-time compliance expert. Ms. Chen most recently worked as Global Head for Anti-Bribery and Corruption at Standard Chartered Bank, Assistant General Counsel at Pfizer, Inc., and Director of Legal Compliance for the Greater China Area at Microsoft Corporation. She also previously served as Trial Attorney at DOJ and as an Assistant U.S. Attorney in the Eastern District of New York. In her new ... Continue Reading

Assistant Attorney General Leslie R. Caldwell Addresses Second Annual Global Investigations Review Conference

On September 22, Assistant Attorney General Leslie R. Caldwell spoke at the Second Annual Global Investigations Review Conference and expanded upon the policy guidance provided by Deputy Attorney General Sally Yates at NYU Law School on September 10.  AAG Caldwell explained that the new policy guidance “strongly reinforced” DOJ’s ongoing practices with respect to corporate cooperation in DOJ investigations.  She conceded that a company “cannot provide what it does not have” and added that “where ... Continue Reading

Deputy Attorney General Sally Yates Delivers Remarks at New York University School of Law Announcing New Policy on Individual Liability in Matters of Corporate Wrongdoing

On September 10, Deputy Attorney General Sally Yates discussed her September 9 memorandum on individual liability in matters of corporate wrongdoing, now known as the “Yates Memo.”  DAG Yates outlined the challenges DOJ has faced in prosecuting individuals involved in corporate wrongdoing but noted the significant benefits such prosecutions bring—for deterrence and improvement of corporate governance, among other areas—and highlighted six policy changes, noting that some were new and some had already been ... Continue Reading

DOJ Releases Guidance for Victims of Cyber Incidents

On April 29, DOJ released guidance titled “Best Practices for Victim Response and Reporting of Cyber Incidents,” which outlines steps companies should take before, during, and after an incident, and includes a summary checklist.  The guidance also states DOJ’s position on the legality of a number of monitoring techniques and the illegality of many forms of so-called “hacking back.”  DOJ emphasizes in particular the importance of designing an actionable incident response plan and adhering ... Continue Reading

Attorney General Restricts Use of Asset Forfeiture in Structuring Offenses

On March 31, Attorney General Holder announced that DOJ would narrow the circumstances in which it seeks forfeiture in connection with “structuring” offenses.  Structuring occurs when, instead of conducting a single transaction in an amount that would require a financial institution to make a report or maintain a record, a violator conducts a series of currency transactions, purposely keeping each transaction at an amount below the relevant threshold to avoid triggering the record-keeping requirement.  Although ... Continue Reading

FBI Establishes International Corruption Squads

On March 30, the FBI announced that it was establishing three dedicated international corruption squads—based in its New York City, Los Angeles, and Washington, D.C. offices—to prosecute both individuals paying bribes and foreign officials that accept them.  The squads will consist of agents, analysts, and other professional staff with experience investigating white-collar crimes and will use court-authorized wiretaps, undercover operations, and informants in order to gather and develop evidence.  The newly announced squads will work ... Continue Reading

AAG Caldwell Speaks at Cybercrime 2020 Symposium

On December 4, Ms. Caldwell spoke at the Criminal Division’s inaugural symposium on cybercrime held at the Georgetown Law Center and highlighted two ways in which the Division is addressing cybercrime.  First, Ms. Caldwell emphasized that the Department of Justice is mounting increasingly innovative and cooperative international law enforcement operations to disrupt cyber criminal organizations across the globe.  As examples of these larger, international law enforcement operations, Ms. Caldwell cited the prosecution of a Russian ... Continue Reading

AAG Caldwell Speaks at the Launch of the Organization for Economic Co-operation and Development Foreign Bribery Report

On December 2, Ms. Caldwell spoke at the launch of the Organization for Economic Co-operation and Development (OECD) Foreign Bribery Report in Paris, France.  Ms. Caldwell spoke of the “pivotal role” of the OECD Working Group on Bribery and the OECD Anti-Bribery Convention in the “worldwide battle against bribery.”  She also noted the significant U.S. efforts to work with the Working Group partners in combating foreign corruption and the Department of Justice’s “rigorous enforcement” of ... Continue Reading

Assistant Attorney General Leslie R. Caldwell Speaks at American Conference Institute’s 31st International Conference on the Foreign Corrupt Practices Act (FCPA)

On November 19, Leslie R. Caldwell, the Assistant Attorney General for the Criminal Division, spoke at the American Conference Institute’s 31st International Conference on the FCPA.  Ms. Caldwell began her remarks by noting that there have been significant changes in the Division’s FCPA work.  First, Ms. Caldwell emphasized that, due to the expertise and knowledge acquired over the years, the Department can investigate FCPA cases much more quickly and is better equipped to prosecute ... Continue Reading

Deputy Attorney General James M. Cole Speaks at Arab Forum on Asset Recovery

On November 3, James M. Cole, the Deputy Attorney General, spoke at the Third Arab Forum on Asset Recovery in Geneva, Switzerland.  Mr. Cole began by stressing the harm to communities and institutions caused by corruption, noting that corruption “undermines and weakens that which is the basis of modern society – the rule of law.”  Turning to additional work that must be done, Mr. Cole provided a series of steps that must be undertaken, including ... Continue Reading

Departure of Associate Attorney General Tony West

Associate Attorney General Tony West will be departing the Department of Justice, effective September 15.  West was confirmed by the U.S. Senate as the Associate Attorney General of the United States on July 25, 2013.  In this role, West advised the Attorney General and Deputy Attorney General in formulating and implementing policies and programs related to civil litigation, law enforcement and public safety.  Previously, West worked as the Assistant Attorney General for the Civil Division.  ... Continue Reading

Former DuPont Engineer Sentenced for Conspiracy to Sell Trade Secrets

On August 26, Robert Maegerle, a former engineer for DuPont, was sentenced to 2.5 years in prison for conspiring to sell trade secrets relating to the manufacture of titanium dioxide to Chinese government-owned companies.  Maegerle was found guilty by a jury last March, after a six-week trial.  Maegerle’s co-defendant, Walter Liew, used Maegerle’s experience in building titanium dioxide plants for DuPont to launch contracts with Chinese companies to build similar facilities in China.  United States ... Continue Reading

Sentencing Commission Makes Revising White-Collar Guidelines a Priority

On August 14, the U.S. Sentencing Commission approved its list of priorities for the coming year.  Among the priorities identified was a consideration of changes to the sentencing guidelines for some white-collar crimes, especially “fraud on the market” cases, in which small losses are typically sustained by a large number of victims, making for large aggregate loss amounts. USSC Press Release. ... Continue Reading

Second Circuit Rules that Dodd-Frank Whistleblower Protections Do Not Cover Tipsters Outside the United States

On August 14, a panel of the Second Circuit held that the Dodd-Frank Act’s whistleblower anti-retaliation provision does not apply extraterritorially.  The panel affirmed the dismissal of a complaint filed by Liu Meng-Lin, a Taiwanese national employed by Siemens China, who claimed that he was retaliated against for reporting internally that Siemens employees were indirectly making improper payments to officials in North Korea and China in connection with the sale of medical equipment in those ... Continue Reading

Supreme Court Asked to Review FCPA Definition of “Foreign Official”

On August 14, a petition for certiorari was filed in the Supreme Court seeking review of United States v. Esquenazi, an Eleventh Circuit decision defining the term “instrumentality” of a foreign government under the Foreign Corrupt Practices Act (FCPA).  The Eleventh Circuit had held on May 16, in the first opinion by a federal court of appeals defining this term, that an “instrumentality” is “an entity controlled by the government of a foreign country ... Continue Reading

Associate Attorney General West Outlines DOJ’s Approach to RMBS Cases

On July 16, Associate Attorney General Tony West outlined the DOJ’s approach to resolving cases involving residential mortgage-backed securities (RMBS).  West noted that when deciding whether to settle or pursue civil RMBS cases against financial institutions, the DOJ looks to three principles:  accountability, transparency and redress.  West further stated that the Department would not hesitate to charge financial institutions for RMBS-related misconduct where the institution “is unwilling to admit its wrongful conduct . . . ... Continue Reading

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