Law360, New York (May 9, 2016, 11:30 AM EDT) -- Alistair Graham
The United States Department of Justice has announced a one-year pilot program intended to incentivize companies to self-disclose offenses under the U.S. Foreign Corrupt Practices Act of overseas bribery of a foreign official. If companies self-disclose they will be eligible for a wide range of incentives — the DOJ says it will even consider declining to prosecute.
In the U.K., the Serious Fraud Office (SFO) can offer a Deferred Prosecution Agreement (DPA) to companies which self-disclose offenses — but the incentives for self-disclosing in the U.K. are nowhere near as generous as those being offered by the...
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