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The U.S. needs more allies as bribery is business as usual in some countries, says the SEC chairman.
Despite vigorous American enforcement of the Foreign Corrupt Practices Act, or FCPA, which has resulted in “nearly 80 FCPA cases in the past five years alone, involving alleged misconduct in more than 60 countries,” corruption remains “endemic” in some countries where “business opportunities are attractive” and bribery may be required to capitalize on them. So...
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