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Some Jurisdictions Concerned About Financial Stimulus Abuses, Says IMF Official
printWhile the effects of the global recession on the fight against corruption remain unclear, international officials have begun to wonder whether the stimulus efforts meant to spur the economy will also drive financial crime, according to Joseph Myers, Assistant General Counsel for the Legal Department at the International Monetary Fund (IMF). Such concerns are "reasonable," even if little evidence of abuse has yet surfaced, said Myers. Because well-funded governmental projects are often subject to fraud and other crimes, law enforcement agencies and companies should be alert to possible crimes, he said, adding that the size of the stimulus programs makes...
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