U.S. Justice Department revises policies to coax companies to disclose wrongdoing -official By Reuters

(Reuters) – A U.S. Justice Department official on Tuesday said the agency is rolling out new policies aimed at boosting incentives for companies to disclose any misconduct they uncover to authorities.

The revisions to the agency’s existing policy apply to all corporate criminal matters handled by the Justice Department’s criminal division, Assistant Attorney General Kenneth Polite of the unit said in remarks prepared for an event at Georgetown University.

The Justice Department will not prosecute companies if they immediately disclose issues they uncover, provide “extraordinary cooperation” and undertake “extraordinary remediation,” according to the prepared remarks.