$413M Och-Ziff Fine Puts Hedge Funds On FCPA Alert

Law360, New York (September 30, 2016, 10:04 PM EDT) -- Hedge funds and private equity funds chasing high returns in locales known for corruption will be dusting off their compliance programs to avoid running afoul of the Foreign Corrupt Practices Act after Och-Ziff Capital Management Group LLC was slapped with nearly $413 million in fines and penalties Thursday for bribing African government officials.

Under the deals announced Thursday, Och-Ziff, the nation's largest publicly traded hedge fund, will pay $213 million in a deferred prosecution agreement with the U.S. Department of Justice and just over $199 million...
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