The development marks one of the first foreign bribery probes by American authorities targeting private equity.
A BREAKTHROUGH IN UNDERSTANDING COMPLIANCE CREDIT. WilmerHale's Kimberly Parker says the U.S. Justice Department's public announcement last month that it would not prosecute investment bank Morgan Stanley on FCPA violations (while securing a guilty plea from an individual "rogue" employee) appears to be an attempt to signal DOJ's standards for compliance programs.
Mary Jacoby is the founder of Main Justice and Editor-in-Chief of Just Anti-Corruption.
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