SOME major corporate money laundering settlements are set to be revealed in US courts shortly, said Kenneth Polite the outgoing head of the U.S. Department of Justice’s Criminal Division.
There is a flurry of major corporate settlements that will hit federal court dockets soon, Polite revealed in a interview.
“What you’re going to see is a very strong pipeline of investigations that will result in some resolutions in the very-near future, but may have been impacted by the COVID pandemic,” he said.
The types of resolutions he is referring to often involve large fines that companies pay to settle criminal charges of foreign bribery or money laundering.
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