Fear of FCPA Penalties is Causing Banks, Others to Avoid Emerging Markets Deals: Survey

By Brian Monroe

Banks and other companies around the world are delaying deals in developing markets, in some cases canceling projects altogether, because they are afraid of being snared by anti-corruption laws, according to a private survey released today. In all, 51 percent of the responding companies – a mix of 182 global conglomerates and banks– stated they have delayed business plans and partnerships due to confusing anti-corruption regulations in the United States and abroad, according to the Dow Jones State of Anti-Corruption Compliance Survey. Moreover, 14 percent said they had actually abandoned business initiatives because they were afraid of running afoul of...