Companies Must Prepare For Biden's Anti-Corruption Push

By Mark Mendelsohn, Peter Jaffe and Jessica Carey (December 15, 2021, 5:16 PM EST) -- On Dec. 6, the Biden administration issued the U.S. Strategy on Countering Corruption, which is the first of its kind.[1] The strategy details an unprecedented governmentwide approach to fighting corruption at home and abroad.

The new approach brings together traditional anti-corruption enforcers, such as the U.S. Department of Justice, and departments and agencies like the U.S. Department of Energy and the U.S. Department of Defense, less known for their role in addressing corruption and illicit finance.

In addition, the strategy calls for cooperation with foreign governmental, nongovernmental and private sector partners. While the strategy reiterates a commitment to enforcing existing authorities,...

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