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]

7 comments (hidden to protect delicate sensibilities)
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Comments (7)

  1. Posted by jonsux | June 27, 2014 at 12:17 PM

    What the fuck is this shit

  2. Posted by Caveman Guest | June 27, 2014 at 12:47 PM

    Shaz no do grammar good. Shaz sad.

  3. Posted by ThatsWacc | June 27, 2014 at 1:47 PM

    Shazzy is just channeling his inner Alfred E. Neuman

    http://lib1point5.files.wordpress.com/2011/11/wha

  4. Posted by Danker_Banker | June 27, 2014 at 2:11 PM

    Start worry about your job

  5. Posted by Judgemental Guest | June 27, 2014 at 2:23 PM

    The very strong credit footnote almost makes up for the title

  6. Posted by UBS Grammar Quant | June 27, 2014 at 2:28 PM

    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.

  7. Posted by Guest | June 27, 2014 at 3:01 PM

    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.