The U.S. Securities and Exchange Commission’s top foreign bribery enforcer this week suggested that the agency scrutinize industries not seen as traditional targets of Foreign Corrupt Practices Act cases, pointing to recent settlements against financial and electronics companies as evidence of the expanding scope.
Charles Cain, the head of the commission’s FCPA unit, said that while oil and gas and pharmaceutical industries, among others, “are always going to be repeat players because of the nature of their businesses … you are seeing some additional industries come to the front as far as getting enforcement action.”
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