DOJ Expands Leniency Beyond FCPA, Lets Barclays Off
Law360, San Diego (March 1, 2018, 11:06 PM EST) -- U.S. Department of Justice officials announced Thursday that the agency will now decline to bring some cases against companies that self-report crimes besides violations of the Foreign Corrupt Practices Act, starting with a $12.9 million front-running case against Barclays PLC.
John Cronan, the acting head of the DOJ's Criminal Division, and Benjamin Singer, chief of its securities and financial fraud unit, told attendees at the American Bar Association's white collar conference that criminal division prosecutors will use the FCPA Corporate Enforcement Policy as nonbinding guidance in other criminal cases.
The policy formalized in November says that, absent certain aggravating factors, when...
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