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U.S. Offers New Incentive for Admitting Bribes: No Penalty

The Justice Department is expanding an Obama-era enforcement policy.

By Tom Schoenberg, Bloomberg | Updated on November 29, 2017

The Justice Department is extending an Obama-era program that encourages companies to admit to foreign bribery, with a twist: Coming clean could result not only in a reduced penalty but in some cases none at all.

The new guidelines were rolled out Wednesday by Deputy Attorney General Rod Rosenstein at a Maryland conference on the Foreign Corrupt Practices Act. The FCPA prohibits payments to foreign officials to obtain or retain business.

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