PNF and AFA publish draft guidance for corruption investigations

Joydeep Sengupta discusses the release of new draft guidance for corruption investigations issued by the French Financial Prosecutors’ Office (Parquet national financier) and the French Anti-Corruption Agency (AFA). “We are getting to the stage in the French market where it is no longer shocking for French companies to share evidence and cooperate very early with the authorities, as an incentive to obtain more favourable settlement terms, which is a big change from before 2016, when the CJIP [a judicial public interest agreement, France’s version of a deferred prosecution agreement] did not exist,” – Joydeep Sengupta