The U.S. Justice Department has made sanctions evasion and export-control violations a central focus of its white-collar enforcement program following Russia’s invasion of Ukraine, officials said Wednesday.
The focus should have a profound effect on businesses and their efforts to comply with U.S. laws, Deputy Attorney General Lisa Monaco said at a New York City Bar Association event.
“The way that multinational companies have to think about how these sanctions regimes are going to be affecting their businesses is critically important, and something we should be having conversations about,” Monaco said.
Bribery has long been the primary focus of federal prosecutors’ corporate investigations. Prosecutors have used the U.S. Foreign Corrupt Practices Act, which prohibits payments by companies to foreign officials, to target large corporations and impose billions of dollars in fines.
The Justice Department’s white-collar enforcement efforts increasingly have a national-security focus, Monaco said Wednesday. “One way to think about this is as sanctions being the new FCPA,” she said to a room of white-collar defense lawyers.
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