First-Ever US Strategy on Countering Corruption Globally: Key Takeaways for Corporations to Match Enforcement's Increasingly Global, Integrated and Holistic Approach

On December 6, 2021, the White House released the first-ever US Strategy on Countering Corruption. The Strategy’s release follows President Biden’s earlier announcement in June 2021 that elevated the fight against corruption to a core US national security interest and that directed multiple agencies to design a comprehensive and whole-of-government approach. The Strategy’s release also coincides with a number of other recent US and global developments that companies must navigate going forward. This Legal Update summarizes the Strategy's five pillars and provides key takeaways for companies to consider as they look to match enforcement's increasingly global, integrated and holistic approach to corruption via anti-corruption enforcement, the public/private partnership, follow-the-money strategies, cross-border cooperation, and government spending and defense programs controls.