U.S. Justice Department Releases First Non-Prosecution Decision Under New Corporate Enforcement Policy
The U.S. Department of Justice's National Security Division has issued its first non-prosecution decision under the revised corporate enforcement policy, which encourages companies to voluntarily disclose violations and cooperate with investigations.
What are the key facts?
- 1U.S. Department of Justice (DOJ)
- 2National Security Division
- 3Corporate Enforcement Policy (CEP)
What happened?
The Justice Department has clarified that companies voluntarily disclosing violations, fully cooperating, and implementing timely remediation may qualify for non-prosecution, especially in matters involving national security.
What does this mean for cross-border sellers?
Cross-border businesses should establish a comprehensive compliance self-inspection mechanism to address the increasingly stringent export controls and national security reviews in the U.S.