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France Adopts US-style Anti-corruption Settlement System

France adopted new anti-corruption legislation on Tuesday which will for the first time enable companies to strike negotiated financial settlements with magistrates, in line with practices in the United States and Britain. The measure — approved by the lower house of parliament — comes after France has been criticized by international organizations for failing to convict a French firm for bribery abroad. However, French firms including Alstom or Total have been fined in corruption...

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