Menu7/15/16: Although the Department of Justice’ proposed legislation to advance US anti-corruption efforts remains waiting for approval by the US Congress, it represents an important signal to compliance professionals about DOJ’s thinking. The proposal involves legislative amendments relating to the illegal proceeds of transnational corruption and other substantive corruption offenses. One of the most significant provisions is to “expand foreign money laundering predicates to include any violation of foreign law that would be a money laundering predicate if committed in the United States.”
