The U.S. Department of Justice has undergone significant changes under Attorney General Pam Bondi, leading to a slowdown in enforcing key anti-corruption laws, specifically the Foreign Corrupt Practices Act (FCPA). This has drawn ire from critics, including former prosecutors and transparency advocates, who argue that the suspension of FCPA investigations could allow U.S. companies to bribe overseas while freeing Russian oligarchs from accountability. These shifts, justified as means to benefit American businesses, could ultimately erode the integrity of global business practices and embolden corruption.
A radical makeover at the US Department of Justice has resulted in significant rollbacks on anti-corruption efforts, potentially benefitting businesses abroad while threatening global integrity.
Critics warn that curbing the enforcement of the Foreign Corrupt Practices Act risks enabling US firms to engage in bribery, compromising ethical business practices globally.
The disbanding of units dedicated to fighting kleptocracy, including those targeting Russian oligarchs, marks a troubling shift in the Department of Justice's priorities.
Experts argue that downplaying the importance of FCPA enforcement may appear beneficial to US businesses but ultimately undermines the integrity and competitiveness of American firms worldwide.
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