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US acting as global cop for financial crimes

Europe has also probed and acted against scams, but not to the extent America does

America's legal framework offers the US the means to extend the long arm of the law well beyond its borders. Volkswagen's emissions- cheating scandal shows the US legal system's ability to bring even European companies to task.


HANDING out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global policeman of the business world.

In stark contrast to the relative inertia of white-collar law enforcement in...

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