Expert Analysis: “5 Biden-Era Corporate Compliance Considerations”
The events of 2020 will without a doubt will have a direct and lasting impact on white collar and regulatory enforcement in the years to come, according to an expert analysis in Law 360. The analysis by Joon Kim, Robin Bergen and Lisa Vicens, partners at Cleary Gottlieb Steen & Hamilton LLP, looks at potential development paths for several enforcement trends in 2021.
“We anticipate that white collar and regulatory enforcement will be more active under the Biden administration, as policy priorities shift toward financial and corporate fraud, as well as environmental, social and governance issues, and environmental and social justice, more generally,” they wrote. “At the same time, we expect the already-visible pandemic and recession-related enforcement trends to continue, with a sustained focus on financial statement and accounting fraud. Finally, we expect that the increased reliance on whistleblowers will continue, and potentially grow, in 2021.”