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SFO Aiding SEC In Sovereign Wealth Fund Probe

WSJ: U.K. prosecutors are helping the U.S. Securities and Exchange Commission with inquiries into whether financial firms violated foreign bribery laws in their dealings with sovereign-wealth funds.

“We’re talking to the Americans about various issues,” Richard Alderman, director of the Serious Fraud Office, told Bloomberg in an interview. He did not identify any companies.

The SEC is examining whether Goldman Sachs Group Inc. and other financial firms might have violated the Foreign Corrupt Practices Act in dealings with the Libyan Investment Authority, The Wall Street Journal reported earlier this month.

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