In the Department of Justice’s (DOJ) war on corporate malfeasance under the Biden administration, much of the DOJ’s strategy for fighting misconduct has focused on providing incentives to companies as opposed to individuals to disclose critical information in exchange for leniency.
The scope and breadth, as well as the aggressive enforcement of bribery and corruption laws, pose a risk for businesses in every market. The legal risks of bribery are significant: conviction for bribery offenses can result in corporations facing huge fines and debarment.
Two more oil traders have been charged with bribery in connection with corruption at Brazilian state oil giant Petrobras, according to the U.S. Depart.