Law360, New York (July 29, 2016, 2:12 PM EDT) -- Mark Mendelsohn
The U.S. Department of Justice and the U.S. Securities and Exchange Commission recently announced two Foreign Corrupt Practices Act settlements that shed further light on how the DOJ is implementing its FCPA “pilot program.”
The pilot program, which was announced by the DOJ on April 5, 2016, was intended to motivate companies to voluntarily self-disclose FCPA-related misconduct, fully cooperate with the fraud section, and, where appropriate, remediate flaws in their controls and compliance programs. Under the pilot program, a company can receive up to a 50 percent reduction off the bottom end of the United States...
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