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By Liz Crampton
The Department of Justice will continue a one-year foreign corruption pilot program while reviewing its effectiveness, a top government official said at a conference March 10.
Started under the Obama administration, the Foreign Corrupt Practices Act enforcement program is intended to encourage companies violating bribery laws to self-disclose misconduct and cooperate with officials. Companies that do so could get lower penalties.
The pilot phase of the program was slated to end on April 5, and it was previously unknown whether the Trump administration would keep it going.
“At that time, we will begin the process of evaluating the utility and efficacy of the pilot program, whether to extend it, and what revisions, if any, we should make to it,” said Kenneth Blanco, acting assistant attorney general of the agency’s Criminal Division.
”The program will continue in full force until we reach a final decision on those issues,” he said in remarks prepared for delivery at the American Bar Association’s conference on white collar crime in Miami.
To contact the reporter on this story: Liz Crampton in Washington at lcrampton@bna.com
To contact the editor responsible for this story: Fawn Johnson at fjohnson@bna.com
Text of Blanco's speech is available at https://www.justice.gov/opa/speech/acting-assistant-attorney-general-kenneth-blanco-speaks-american-bar-association-national
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
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