Experts Urge PE Firms To Take Action On FCPA Compliance

Law360, New York (October 26, 2011, 12:34 PM EDT) -- Regulators are increasingly taking aim at private equity firms over potential corruption and bribery issues in business dealings overseas amid a global push for tougher regulatory enforcement, attorneys say.

The U.S. Department of Justice and the U.S. Securities and Exchange Commission have made the Foreign Corrupt Practices Act an enforcement priority, netting billions of dollars in fines and settlements, and the government’s gaze has settled on private equity and hedge fund industries as the latest targets.

Although private equity firms have not had to worry about...
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