How to hire a princeling: Six rules anyone can follow
Last week BNY Mellon agreed to pay the SEC $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by awarding student internships to kids of officials connected with a sovereign wealth fund in the Middle East.
Hiring a family member or friend of a foreign official isn't always a violation of the FCPA. But a hiring decision intended to reward or induce an official to award work can be an offense.
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