U.S. regulators prosecute financial crime worldwide

In recent months, HSBC Holdings, Standard Chartered and Royal Bank of Scotland have admitted criminal wrongdoing in agreements with U.S. regulators, despite being European entities. Legal experts cite better resources and a system more conducive to prosecuting corporate criminal liability for the far reach of the U.S. justice system. "The U.S. will assert jurisdiction aggressively, even if there's only a minimal link," said Judith Seddon of law firm Clifford Chance.

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