(Reuters) – A Justice Department official on Wednesday warned companies against seeking lower penalties for bribery and foreign corruption by abusing a government policy that discourages officials from taking multiple enforcement actions against a company for the same misconduct.
Companies should not abuse the so-called stacking initiative, which was launched in 2018, by pressuring the Ministry of Justice not to take any action after seeking agreements with other regulators, says Nicholas McQuaid, Acting Deputy Minister of Justice for the agency's criminal department.
"It's not the kind of approach that 'stacking on' policies are designed to encourage, and it's not the kind of approach that will find a receptive audience in the department," McQuaid said in remarks at an anti-corruption incident.
The warning from a top Justice Department official comes among U.S. President Joe Bidens' pursuit of a comprehensive anti-corruption agenda.
Compan must make "good faith" efforts to coordinate with Justice Department officials if they want credit for to solve other investigations, McQuaid said after highlighting the increased cooperation between the agency and foreign governments.
"We can not and will not limit the scope of our enforcement measures in response to tactical resolutions," he said.