On May 12, 2025, in a speech at the Securities Industries and Financial Markets Association’s Anti-Money Laundering and Financial Crimes Conference and accompanying memo to prosecutors, the Head of the Department of Justice’s Criminal Division, Matthew Galeotti, announced the Criminal Division’s “White Collar Enforcement Plan,” which identifies the Criminal Division’s substantive areas of focus. Although some priorities—such as tariff enforcement—are new, many—including fraud on investors or consumers, fentanyl trafficking, and sanctions enforcement—were also priorities under prior administrations. In a departure from recent years, however, the Enforcement Plan emphasizes the Criminal Division’s focus on narrowing white collar and corporate enforcement. The plan was accompanied by revisions to the Criminal Division’s Corporate Enforcement and Voluntary Self-Disclosure Policy, Memorandum on Selection of Monitors, and the Corporate Whistleblower Awards Pilot Program.