DOJ Continues Targeting of Corruption through AML Laws and Alternate Statutes – Lessons for Compliance and Due Diligence
As the Biden Administration commits to crack down on corruption, recent enforcement actions show the DOJ continues a longstanding trend of relying on AML laws and other alternate statutes to prosecute corruption cases, with lessons for internal compliance and due diligence.
- AML statutes are used to prosecute corruption cases and extend the reach of the FCPA, as are the Travel Act, wire fraud and RICO.
- The White House has outlined a policy of aggressive anti-corruption efforts and is allocating resources for future enforcement.
- For businesses and investors, it is important to account for authorities beyond the FCPA in compliance and due diligence.
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