Government,
Ethics/Professional Responsibility
Feb. 23, 2023
DOJ outlines rewards for companies to self-report wrongdoing
In Wednesday’s memo, Deputy Attorney General Lisa O. Monaco wrote that the policy will be applied uniformly across all U.S. attorney offices. A memo Monaco issued in September serves as a reference for whether a company has implemented and tested an effective compliance program.
The U.S. Justice Department on Wednesday took another step to encourage corporations to self-report misconduct, issuing a memorandum to the nation’s U.S. attorneys that lays out when companies should receive more favorable resolutions such as lower fines and not guilty pleas.
Before this announcement, legal experts were skeptical of the DOJ’s leniency model. They said there was a lack of clarity for what constitutes prompt reporting and a...
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