Clifford Chance

Resolving to Fight Corruption: Biden Administration Releases "United States Strategy on Countering Corruption"

December 21, 2021

On December 6, 2021, the White House released the first ever "United States Strategy on Countering Corruption" (the "Strategy") that lays out the Administration's goals to address global corruption.  The Strategy follows the National Security Study Memorandum (June 3, 2021), which focused on fighting corruption as a core US national security interest.  Recognizing the far-reaching effects of corruption on governments, businesses, and citizens and linking a "critical advantage," for the United States in preventing corruption, the Strategy sets forth a roadmap for companies.  The Strategy, as summarized by the White House here, signals where we can expect to see further regulation, compliance scrutiny, and likely enforcement.  Below are some of the concrete initiatives which we expect to remain in focus in 2022, and which may increase the regulatory burden on companies.

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