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Unscathed by FCPA Fines, Banks Will Face Anti-Bribery Scrutiny: Former Justice Official
By Colby Adams
printU.S. Justice Department investigations of foreign bribery will likely end up snaring financial institutions, according to the former head of the government's anti-corruption unit. "Because banks are involved so intensely in international investments, like many other sectors of industry, they are certainly running up against [anti-bribery] issues and very well may be subject to some sort of enforcement activity down the road," said Mark Mendelsohn, after a speech at the Third Annual National Institute on the Foreign Corrupt Practices Act (FCPA) in Washington, D.C. The bribes paid by companies that have been subjected to the law "quite often" go through...
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