By Chris Prentice
The U.S. Justice Department on Thursday outlined policy changes aimed at rooting out repeated corporate misconduct and prioritizing prosecutions of individuals, signaling a shift to a tougher stance by the government toward white collar crime.
Deputy Attorney General Lisa Monaco said the department’s top priority regarding corporate crime is to prosecute the people who commit and benefit from misconduct.
“Accountability starts with the individuals responsible for criminal conduct,” Monaco, the Justice Department’s No. 2 official, told an industry conference.
When assessing penalties and resolutions, Monaco said the department will take a broader view of a company’s misconduct, be ready to install third-party monitors and have new demands for cooperation.