DOJ ‘Raises Stakes’ for Companies to Confess White-Collar Crime

White-collar defense attorneys see both promise and peril in the Justice Department’s new corporate crime enforcement playbook, which dangles incentives for self-reporting misconduct while giving prosecutors ample leeway.

The new policy, as laid out in a memo by Deputy Attorney General Lisa Monaco Thursday, aims to speed up indictments against executives by promising their companies won’t face a guilty plea or compliance monitor if they rapidly and voluntarily turn over information.

The policy, DOJ’s first substantive revisions to white-collar criminal investigations of the Biden administration, could help address a major impediment to business cooperation: losing control of the ...