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SEC levies fines for bribery and conflict of interest

Big business in emerging markets often involves paying off the officials in charge of critical applications processes, or purchasing and beneficial tax arrangements. Over the years, many companies have faced fines or other enforcement actions in Asia. The recent spate of Securities and Exchange Commission (SEC) decisions addresses corruption and bribery in overseas businesses, and also the widespread practice of hiring the sons and daughters of local officials, or otherwise supporting the local officials’ families.

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