US justice department hikes penalty cuts for corporates that self-disclose criminal conduct and cooperate

The US Department of Justice has expanded the benefits available to corporations that report suspected economic crime in their operations and cooperate with its investigation, offering them up to a 75% reduction in punishment - up from an earlier 50% maximum.

By Keith Nuthall

The US Department of Justice (DoJ) has expanded the benefits available to corporations that report suspected economic crime in their operations and cooperate with its investigation, offering them up to a 75% reduction in punishment - up from an earlier 50% maximum.