The Biden Administration has made it clear that combatting white-collar crime will be at the top of its to-do list. This includes, among other steps, embedding a unit of FBI agents, within DOJ’s Fraud Section, focused on bribery under the Foreign Corrupt Practices Act (FCPA), export controls and sanctions violations, and healthcare fraud. In light of the DOJ’s reinvigorated focus, it makes sense for organizations to review their compliance policies. In this piece from Thomson Reuters Institute, David A. Holley, executive vice president in the Americas for K2 Integrity, who has more than 25 years of experience working with corporate law departments and other organizations on global investigations and regulatory compliance, advises taking certain steps to avoid potential enforcement actions, including scrutinizing your company's anti-corruption and fraud programs for alignment with C-suite expectations and developing assessments to understand fraud risks and controls and identify where residual fraud risks exist. For much more, check out "DOJ Has Laid Out Its Compliance Priorities, But What Does That Mean for Businesses" at Thomson Reuters Institute.
Published November 15, 2021.