Justice Dept. Promises More Declinations
The Justice Department has announced new, more relaxed policies for when it will prosecute corporate crime, promising “a clear path to declination” that bypasses the criminal resolution process entirely for companies that self-disclose and remediate their misconduct. Matthew Galeotti , acting head of the Criminal Division at the Justice Department, announced the new policy in a speech he delivered Monday . In many ways the new policy follows previous corporate enforcement policy under the Biden Administration, with an emphasis on voluntary self-disclosure, cooperation with prosecutors, and timely remediation of the offenses. This new policy goes even further, however, clearly states that companies meeting all three criteria will receive a declination, not just the “presumption of a declination” standard that had existed previously. Galeotti “ Those companies that meet our core requirements — voluntarily self-disclose to the Criminal Division, fully c...