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NEW YORK–U.S. insurance firms expanding abroad by buying foreign companies face increasing risk of running afoul of the Federal Corrupt Practices Act, according to an executive with a major consulting firm.

Companies are moving into “nontraditional geographies” such as Brazil, Russia, India and China,” and with that “comes high risks because of different value sets and traditions concerning corruption, gratuities and business practices,” said Frederic R. Miller, a partner in the investigations and forensic services at PricewaterhouseCoopers.

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