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Asian Trade Deal to Mean More Subpoena Requests for Banks

By Colby Adams

Anti-corruption legislation required of countries covered by the largest-ever international trade deal will likely result in a jump in investigatory queries for banks in the United States and Asia, according to analysts. Under terms published this month, the United States, Japan and other signatories to the Trans-Pacific Partnership (TPP) free trade agreement must outlaw the promise or payment of bribes by international firms to domestic and foreign government officials tasked with awarding bids or otherwise supervising international trade and investment activities. "TPP contains the strongest disciplines on transparency and anticorruption of any U.S. trade agreement," the Office of the U.S....

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