The Justice Department is extending an Obama-era program that encourages companies to admit to foreign bribery, with a twist: Coming clean could result not only in a reduced penalty but in some cases none at all.
The new guidelines were rolled out Wednesday by Deputy Attorney General Rod Rosenstein at a Maryland conference on the Foreign Corrupt Practices Act. The FCPA prohibits payments to foreign officials to obtain or retain business.
In his speech, Rosenstein said that corporate America should view law enforcement as an ally. He said more voluntary disclosures by corporations could free up Justice Department investigators to look at other financial crimes and violent crimes.
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