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Comment: VimpelCom case exposes deeper cost of compliance monitoring

By Martin Coyle ( April 18, 2016, 14:14 GMT | Comment) -- VimpelCom’s decision to set aside more than $100 million in legal costs — on top of the almost $800 million already pledged to settle corruption allegations in Uzbekistan — demonstrates the price of getting it wrong. This legal budget includes the costs associated with appointing a compliance monitor to assess the Russian telecom company’s adherence to the deferred prosecution agreement. But the monitoring cost may prove more than just financial.VimpelCom’s decision to set aside more than $100 million in legal costs — on top of the almost $800 million already pledged to settle corruption allegations in Uzbekistan — demonstrates the price of getting it wrong....

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