Deferred Prosecution Agreements Singapore
With the amendments made to the CPC on 31 October 2018, the Prosecutor`s Office now has a formal framework for dealing with DOPs with corporate offenders. Under a DPA, the prosecutor agrees not to prosecute a company if it strictly complies with a number of conditions that may include paying a fine, implementing a compliance program, and cooperating in investigations. In late 2017, Keppel Offshore & Marine (COM) reached a highly respected $422 million trilateral resolution to resolve anti-corruption charges, with regulators in the United States, Brazil and Singapore. As part of the resolution, KOM reached an agreement with the U.S. Department of Justice on Deferred Prosecutions (DPA), while the Singapore Corrupt Practices Investigation Bureau (CPIB) issued a conditional warning instead of criminal prosecution. . . .