Stop Worrying About Whether That Company You Want To Buy Has Been Bribing Everything That Moves

Nobody will hold it against you, sayeth a former DOJ guy who used to hold such things against companies for a living.

I think most companies and their outside counsel believe any potential corruption problem should stop a deal from occurring. Companies would be surprised to learn that neither the Securities and Exchanges Commission nor the DOJ takes that position….

Sometimes there’s a strategic or legal issue with doing corruption due diligence before a deal. If it’s not possible to do it before you can always do the due diligence afterwards….

DOJ and SEC generally recognize that sometimes it’s not possible to do complete due diligence beforehand. However, if there are good faith efforts to conduct due diligence, integrate compliance programs and take remedial actions by removing those wrongdoers — if all of that is done on a quick basis [authorities] give very strong credit.

Former Justice Official on How to Buy Corrupt Companies [WSJ Risk & Compliance Journal]

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7 Responses to “Stop Worrying About Whether That Company You Want To Buy Has Been Bribing Everything That Moves”

  1. jonsux says:

    What the fuck is this shit

  2. Caveman Guest says:

    Shaz no do grammar good. Shaz sad.

  3. Danker_Banker says:

    Start worry about your job

  4. Judgemental Guest says:

    The very strong credit footnote almost makes up for the title

  5. UBS Grammar Quant says:

    Dude, just stop. You've never risen above the "phoning it in" level. This level of apathy is reserved for only government jobs or UBS.

  6. Guest says:

    So let me get this straight: you only wrote 2 sentences for this post, fucked up up the title, and chose to write about something no one gives two shits about.