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The National Law Journal: Lisa Monaco, Outlining White-Collar Enforcement Agenda, Says ‘Fear of Losing’ Won't Be a Deterrent

October 28, 2021

Deputy Attorney General Lisa Monaco said that the Biden Justice Department is reversing current policies to combat white-collar crime by removing constraints from prosecutors and intensifying scrutiny on companies that have a history of past offenses. The former partner at O’Melveny spoke remotely at the American Bar Association’s White Collar Crime Conference and noted that the Department will use monitors in a more frequent manner to ensure companies are living up to their obligations. “Although we understand the costs that enforcement actions can place on shareholders and others, our responsibility is to incentivize responsible corporate citizenship, a culture of compliance and a sense of accountability,” Monaco said. “So, the Department will not hesitate to take action when necessary to combat corporate wrongdoing.”

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