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Ted Banks Speaks at Department of Justice Program on Criminal Antitrust Compliance

Partner Ted Banks participated as a featured panelist in the Public Roundtable Discussion on Criminal Antitrust Compliance held at the United States Department of Justice in Washington, D.C., on April 9, 2018.  With more than forty years of experience in the field of antitrust compliance, Mr. Banks was among a small group of distinguished experts selected for participation in the day-long program. The Roundtable provided a forum for the Antitrust Division to engage with inside and outside corporate counsel, foreign antitrust enforcers and international organization representatives on the topic of antitrust compliance. 

Reflecting on his extensive experience in the field of antitrust compliance, Mr. Banks emphasized the need for the Department of Justice to take a more active role in helping people avoid antitrust violations, rather than just prosecuting violators.  Mr. Banks encouraged the Antitrust Division of the Department of Justice to follow the principles of the United States Sentencing Guidelines with regard to organizational compliance programs.  He stated it is important for the Antitrust Division to properly credit compliance programs, as is done in every other Division of the Department of Justice.  He also recommended that the Antitrust Division include a robust compliance program as part of the settlement of any antitrust case, or when the Division would grant amnesty to a company.

Further information about compliance programs and the Public Roundtable Discussion may be obtained by contacting Mr. Banks at tbanks@scharfbanks.com or 312 662-4897.