The Justice Department has recently closed approximately half of its ongoing bribery investigations involving U.S. companies abroad, aiming to focus future prosecutions on cases relating to national competitiveness. This decision follows an executive order from President Trump that paused investigations under the Foreign Corrupt Practices Act for a policy review. Critics, including good government organizations, have condemned this move, perceiving it as a rollback of necessary corporate oversight, especially concerning major cases involving companies like Boeing and Stryker.
The Justice Department has closed about half of its open investigations into U.S. businesses for bribery overseas, focusing on misconduct that threatens U.S. competitiveness.
Officials stated the review of enforcement policies aims to align with the administration's goal of enhancing U.S. leverage against foreign businesses and governments.
Critics argue that the new guidelines signify a dangerous shift that neglects significant investigations, potentially harming accountability and oversight in corporate conduct.
The freeze on investigations under the Foreign Corrupt Practices Act has raised concern among good government groups about protecting against corporate abuses.
#justice-department #bribery-investigations #foreign-corrupt-practices-act #corporate-governance #national-security
Collection
[
|
...
]