Och-Ziff Warns Investors of FCPA Risk


The U.S. Department of Justice (DOJ) and the SEC have allocated greater financial resources toward stricter enforcement of the Foreign Corrupt Practices Act (FCPA). The federal law has pierced into the world of money management, capital introduction and placement agents. The act outlaws bribery payments by U.S. companies anywhere in the world.

Och-Ziff Capital Management Group LLC in 2011 received subpoenas from the SEC and requests for information from the DOJ. These were in connection to an FCPA investigation. These agencies have also investigated the Blackstone Group and Goldman Sachs.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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