U.S. Justice Dept. toughens policies toward white collar crime

Asia's Tech News Daily

FILE PHOTO: Lisa Monaco, Deputy Attorney General of the United States delivers remarks during and announcement of an indictment against nine individuals for various offenses related to firearms trafficking in New York City

WASHINGTON (Reuters) – The U.S. Justice Department on Thursday detailed a series of policy changes aimed at rooting out repeat corporate misconduct and prioritizing individual prosecutions, signaling a shift to a tougher tone toward white collar crime.

Speaking at an industry conference, Deputy Attorney General Lisa Monaco said the department will restore guidance that companies will need to provide full lists of people involved in any misconduct in order to receive any credit for cooperation from prosecutors.

Justice Department leaders “will urge prosecutors to be bold in holding accountable those who commit criminal conduct,” Monaco said in prepared remarks.

Monaco's remarks indicated a shift in the department's approach toward white collar crime under President Joe Biden. Under Biden's predecessor Donald Trump, the government had sought to boost cooperation and was seen to be more lenient toward corporate crime.

The department will also require prosecutors to consider a company's full criminal, civil and regulatory record when considering how to resolve an investigation into wrongdoing, Monaco said. Previously the department focused primarily on similar types of misconduct when weighing a settlement.

Monaco said the department has begun to review data on corporate resolutions in a bid to understand better when not to use certain types of settlements in which it agrees not to prosecute a company in exchange for a fine and promises of better behavior.

The department will back away from a prior shift away from corporate monitors – a costly aspect of many resolutions between prosecutors and companies, Monaco said. It will also look at ways to “surge resources” to corporate misconduct issues, including a new squad of FBI agents who will be embedded within the department's Criminal Fraud section that is tasked with pursuing economic crimes, Monaco added.

(Reporting by Chris Prentice; Editing by Will Dunham)

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Opposition set to join hands in House to take on govt before state polls

© Provided by The Times of India NEW DELHI: With an eye on a string of assembly elections due early next year in several states, including Uttar Pradesh and Punjab, ... Read more »

‘Our govt wants to be biggest consumer of tech innovation'

© Provided by The Times of India Chennai: Technology is the basis for everything the current government does but TN occupies a small portion of the innovation economy when it ... Read more »

Cowboys-Raiders was NFL's most-watched regular season game since 1990

On a day where Americans have a voracious appetite for food, it was matched by a desire to watch football. CBS Sports announced Thanksgiving’s Cowboys-Raiders game had an estimated average ... Read more »

Bharti Airtel Rating ‘Buy'; Quantum of tariff hike a positive surprise

© Provided by The Financial Express We raise our India mobile estimates by 8-15% to factor in tariff hike and expect Bharti to deliver 21% Consolidated Ebitda CAGR in FY22-24. ... Read more »

Best Budget Graphics Cards

A powerful PC is a must-have for anyone who enjoys gaming, video editing, 3D modelling and many more jobs and hobbies. One of the trickiest parts to choose in your ... Read more »

Where Y'at magazine's 6 picks for Thanksgiving weekend

Where Y’at magazine’s 6 picks for Thanksgiving weekend Read more »

PNP COVID-19 cases reach 42,189

Philippine National Police building The Philippine National Police (PNP) on Saturday said the COVID-19 cases among its personnel went up to 42,189 after two new infections were reported. Of this ... Read more »

Omicron COVID-19 variant leaves athletes scrambling amid UK travel ban

JOHANNESBURG — British and Irish golfers and rugby teams were scrambling to return home on Friday after the U.K. government announced it was banning flights from South Africa to counter ... Read more »

Australia live news updates: Greg Hunt to give press conference on Omicron Covid variant; five deaths in Victoria; new NSW flood warnings

© Photograph: James D Morgan/Getty Images A passenger awaiting their PCR test for Covid 19 at Sydney airport. The Australian government is expected to update travel advice for those travelling ... Read more »

Twin City Thanksgiving Feast

Read more »

The Best Black Friday Deals of 2021 Have Begun! Save Big on Gadgets, Clothing, TVs & Appliances

© Courtesy of SPY Table of Contents Best Black Friday Deals On Our Radar Amazon Black Friday Deals Gap Black Friday Deals Walmart Black Friday Deals Walmart Black Friday Tech ... Read more »

British tourists scramble to get home from South Africa before quarantine rules come into force

International passengers arrive at Heathrow Airport‘s Terminal 5 – Leon Neal/Getty Images Hundreds of British tourists face a scramble to get back home from South Africa before hotel quarantine becomes ... Read more »

Martha Stewart fans are loving her recipe for a leftover turkey sandwich that looks like a Thanksgiving grilled cheese

© Cindy Ord/Getty Images Martha Stewart knows her way around a grilled cheese. Cindy Ord/Getty Images Martha Stewart has a Monte Cristo recipe that swaps out ham for leftover Thanksgiving ... Read more »

Right to dissent essence of a vibrant democracy, says Delhi High Court

© Provided by The Indian Express THE DELHI High Court on Friday said that a democracy governed by the rule of law would be “in serious peril” if “creative voices ... Read more »

People share their frustration amid red list travel disruption

A plane lands on the southern runway at Heathrow airport (Steve Parsons/PA) (PA Wire) People have shared their frustration at having their travel plans disrupted, after the Government’s decision to ... Read more »

‘Wellness warriors': how Victoria's vaccine mandate sparked divisions in progressive Brunswick

Photograph: Benoit Balanca/Getty Images Explanations for why Brunswick’s second-dose rate is 10% or more behind the state average vary – from the younger demographic to the alternative health crowd Victorian ... Read more »

Maoists partially blow up under-construction police station building in Jharkhand's Gumla

An under-construction police station in Jharkhand’s Gumla district has been partially damaged when suspected CPI (Maoist) ultras tried to blow it up, a police officer said on Friday. About 35 ... Read more »

Dame Joan Collins is 'lucky' to be getting older in good health with 'great' friends and family

© Bang Showbiz Dame Joan Collins is enjoying old age Dame Joan Collins is “lucky” to be getting older in good health and surrounded by her loved ones, but admits ... Read more »

Thousands of Home Cooks Helped Design These Stylish Kitchen Essentials—and They're on Sale at Nordstrom

© Nordstrom Home cook-tested. Food writer-approved. © Provided by Food & Wine Nordstrom Some might find it odd to admit you love a cutting board, but frequent home cooks know ... Read more »

Thomas Tuchel hails Chelsea's 'invisible men'

© Provided by Daily Mail MailOnline logo Thomas Tuchel has highlighted Antonio Rudiger’s presence in N’Golo Kante’s goal celebration at Leicester last week as an example of the invisible work ... Read more »

Igor Shesterkin is helping Rangers figure out how to win

BOSTON — There are five months and a full three-quarters of the season to go, if that makes sense, but the Rangers improved to 13-4-3 the day after Thanksgiving, looking ... Read more »

Why Russia is stoking border tensions with Ukraine

When Russia wanted the US to sit up and take notice last April it sent tanks towards the Ukrainian border. The show of force worked: President Joe Biden called Russia’s ... Read more »

Rep. Boebert apologizes after suggesting Rep. Omar mistaken for a terrorist in Capitol

Rep. Lauren Boebert, R-Colo., apologized Friday after video emerged of her suggesting that fellow Rep. Ilhan Omar, D-Minn., was mistaken for a terrorist in an elevator both were riding in ... Read more »

Dad refuses to ‘babysit' his own daughter while his wife is away and gets slammed as a parent

HAVING kids is tough, especially when you’re looking after them on your own. But one dad is being heavily criticised online, after he confessed that he refused to “babysit” his ... Read more »

The Best LEGO Star Wars Black Friday Deals

The Star Wars movies make up one of the most successful and beloved franchises in cinematic history. LEGO is one of the top companies of the toy industry that is ... Read more »

Hundreds of thousands of trees to be planted across England

© PA Wire Autumn weather Nov 7th 2021 Hundreds of thousands of trees will be planted in England following funds awarded as part of National Tree Week. The initiative, funded ... Read more »

American reality TV star hospitalised after being bitten by deadly spider while asleep

American reality TV star Jon Gosselin was rushed to hospital after being bitten by a deadly spider while he was asleep. The star of Jon & Kate Plus 8 was ... Read more »

Ken Bruce recalls ‘stress' of broadcasting Queen's Christmas message

© PA Media Ken Bruce birthday Ken Bruce has revealed the BBC used multiple back-up tapes and an extra power generator as a precaution during its broadcast of the Queen’s ... Read more »

Licorice Pizza Cast: Where You've Seen The Actors Before

© Provided by CinemaBlend Cooper Hoffman and Alana Haim in Licorice Pizza There is a lot that can be said about Paul Thomas Anderson movies, but one of the most ... Read more »

Renault Arkana: Quite a likeable car

© Renault The Arkana looks quite handsome and contemporary, without being too aggressive – Renault According to the press release for the new Renault Arkana, “In a completely saturated and ... Read more »

Best Peppa Pig Gifts

© Credits: Image by ilbusca on iStock Peppa Pig classroom toys If you’ve got a little one, chances are you’ve seen more than your fair share of Peppa Pig episodes; ... Read more »

SNP members told ‘stand up and be counted' to defend devolution from Tories

© PA Archive SNP Conference Devolution is being “hollowed out” by Boris Johnson who secretly wants to take back powers from devolved parliaments, John Swinney will claim. Scotland’s Deputy First ... Read more »

Kraken captain Mark Giordano enters COVID protocol

Seattle Kraken defenseman Mark Giordano has entered the NHL’s COVID protocol and is unavailable for Friday night’s game against the Tampa Bay Lightning, per a team announcement. © Steven Bisig-USA ... Read more »

Left-wing lawyer is on the run after court no-show

© Provided by Daily Mail MailOnline logo A High Court judge has ordered the police to arrest a campaigning Left-wing lawyer after she failed to appear in court to face ... Read more »

Australia to declare new travel curbs due to new virus strain - media

© Reuters/LOREN ELLIOTT The international arrivals area at Kingsford Smith International Airport is seen after Australia implemented an entry ban on non-citizens and non-residents due to the coronavirus disease (COVID-19) ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic