U.K. prosecutors are assisting the U.S. Securities and Exchange Commission on inquiries involving financial institutions and whether bribes were paid in transactions with sovereign wealth funds. The Serious Fraud Office, which prosecutes corruption and white collar crime in Britain, has been contacted by the U.S. regarding the probes, SFO Director Richard Alderman said in an interview yesterday.
Read more: U.K. Prosecutors to Assist U.S. on Fund Bribery Probes — Bloomberg News
