Deferred Prosecution Agreement

A deferred prosecution agreement (DPA), which is very similar to a non-prosecution agreement (NPA), is a voluntary alternative to adjudication in which a prosecutor agrees to grant amnesty in exchange for the defendant agreeing to fulfill certain requirements. A case of corporate fraud, for instance, might be settled by means of a deferred-prosecution agreement in which the defendant agrees to pay fines, implement corporate reforms, and fully cooperate with the investigation. Fulfillment of the specified requirements will then result in dismissal of the charges.
Posts about Deferred Prosecution Agreement
  • Shell Oil Guilty of FCPA Foreign Bribery? (Whistleblower Award Post)

    … plausible. That all changed when the BBC and several anti-corruption activists disclosed several emails documenting the transactions. Now Shell admits that instead of paying the Nigerian government as claimed, much of the money went to Etete. Shell’s admission is critical because the company was already subject to a deferred prosecution agreement…

    Due Diligence- 16 readers -
  • French Whistleblowers Dissatisfied? File in the US! (Sapin II / FCPA)

    … and Modernization of Economic Life as Sapin II. The nickname comes from France’s current Minister of Finance, Michel Sapin. Highlights of the new law include the creation of an anti-corruption agency, the ability of courts to impose deferred prosecution agreements, and whistleblower anti-retaliation provisions. Like the US FCPA, the law also extends to conduct…

    Due Diligence- 15 readers -
  • US Contractors Tagged for Iraq, Afghanistan Reconstruction Fraud

    … Loretta Lynch Makes Good on Promise to Hold Corporate Executives Accountable (False Claims Act Post) The United States spends billions of dollars in the Middle East. While much of the money is spent on military spending, billions are also spent on reconstruction efforts. Much of that money has flowed into war torn Iraq and Afghanistan…

    Due Diligence- 33 readers -
  • More Swiss Banks Have Reach FATCA Deal with US

    … identified as being under investigation, the recipient of a John Doe summons or cooperating with a government investigation, including the execution of a deferred prosecution agreement or non-prosecution agreement,” as the Department of Justice stated in a recent press release. The agreed fines to be paid by the new compliant banks are $2.592…

    Due Diligence- 35 readers -
  • Three More Swiss Banks Cooperate – FBAR Post

    … In the last few weeks several Swiss banks have agreed to cooperate with the U.S. Department of Justice and IRS over unreported foreign accounts. Swiss banks were given an ultimatum last year – cooperate or face criminal prosecution. Most Swiss banks took the threats seriously. UBS entered a deferred prosecution agreement in 2009 and paid fines…

    Due Diligence- 36 readers -
  • What Are the Risks Associated with Quiet Disclosures? FBAR Post

    … offshore accounts and the banks and bankers that helped them hide their assets. UBS was the first major prosecution of a bank culminating in a record $780 million fine and a deferred prosecution agreement. In the wake of UBS, the IRS has begun criminally charging individual taxpayers with having unreported accounts. Inevitably, when someone gets…

    Due Diligence- 19 readers -
Get the top posts daily into your mailbox!
More from around the web