The Justice Department is changing its corporate enforcement and voluntary self-disclosure policies while prioritizing corporate whistleblower tips in areas such as tariff fraud and violations of US immigration law.
The department also plans to use fewer corporate monitorships as part of a broader effort to cut down on companies’ compliance obligations.
“Excessive enforcement and unfocused corporate investigations stymie innovation, limits prosperity, and reduces efficiency,” Matthew R. Galeotti, the acting head of the DOJ’s criminal division, said during a Monday speech at a financial crimes conference. “So that ends today.”
Under the corporate whistleblower awards pilot program, started during the Biden administration, the department will also prioritize tips involving sanctions, material support of foreign terrorist organizations, or those that facilitate cartels and transnational criminal organizations, said Galeotti.
The announcement comes as the Trump administration narrows some its white-collar enforcement priorities as part of an effort to direct more DOJ resources to such areas as immigration and drug trafficking. Department leaders have also released memos narrowing enforcement priorities in areas such as foreign bribery and crypto.
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