Matthew Galeotti, the Department of Justice’s Criminal Director, announced a new white-collar crime enforcement plan at the financial meeting on May 12, highlighting the Trump administration’s focus on disrupting multinational networks circumventing US sanctions, tariffs and immigration laws.
We also expanded our whistleblower program to cover these priority areas.
DOJ will bring back surveillance for American companies and encourage businesses to work with investigations into bad actors.
“Self-disclosure is key to receiving the most generous benefits the criminal department can offer. Why? Because once you move forward and get clean, the department can spend its resources on investigating and prosecuting individual misconductees and the most awful criminal scheme,” Galeotti said.
The DOJ revised its disclosure policy to encourage reporting in 2023, highlighting general policies for postponement or non-projection contracts for partner companies. The latest version also limits the conditions for investigation to three years, reduces fines for partner companies, and does not require criminal resolution to companies that meet the requirements.
Galeotti said the DOJ prioritizes fraud tips and whistleblower reports in government programs such as Medicare and procurement. Violation of sanctions, particularly in ways that support terrorist organizations. Trade violations such as customs duties and customs fraud.
White-collar crime is linked to material support for foreign hostile states and terrorist organizations, Galeotti said. In a memo released on the same day, he picked out a Chinese money laundering organization that exploits the US financial system by variable profit entities listed on US exchanges that fraudulent investors and promote the flow of illegal fentanyl.
“Illegal financial and logistics networks undermine national security by promoting hostile nation-states and avoiding sanctions by regimes of terrorism,” Galeotti said in a speech on May 12.
For example, with Iranian regime-backed terrorist groups and sanctions from the Treasury that target Chinese military forces, the network is often spreading worldwide.
On May 13, the Ministry of Finance approved almost 20 entities to support the Iranian regime’s efforts to build ballistic missiles and terrorist groups with origins that include Iran, China, the Seychelles, Singapore, Hong Kong and Panama. They consisted of a network that sold Iranian oil to China through various intermediaries.
sanctions on March 20 targeting another similar network named 19 targets with origins in Iran, China, Hong Kong, Panama, San Marino, Comoros, Barbados, Seychelles and the British Virgin Islands.
The February round of sanctions on 30 individuals and vessels included brokers from the United Arab Emirates, Hong Kong, China and Iran.
