Justice Dept. Launches FCPA Cooperation Initiative

By Ed Beeson (April 5, 2016, 6:04 PM EDT) -- Companies that self-report and fix criminal violations of the Foreign Corrupt Practices Act could be in store for hefty reductions in sanctions, and may even escape prosecution altogether, under a one-year pilot program announced Tuesday by the U.S. Justice Department.

A nine-page memorandum from the department's fraud section lays out for the first time specific perks companies could be in store for if they come clean about foreign bribery they have detected in overseas operations, provided they follow certain steps to get the credit.

Speaking on a conference call with reporters, Justice Department officials said they launched the program in the...

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