News release: “According to results of Deloitte’s annual “Look Before You Leap” survey of corporate executives, investment bankers, private equity executives and hedge fund managers, 63 percent of respondents reported that Foreign Corrupt Practices Act (FCPA) and anti-corruption issues caused their companies to renegotiate or pull out of planned business relationships, mergers or acquisitions over the last three years. Similarly, 62 percent of survey respondents pointed to issues related to potential violations of economic and trade sanctions, such as known or suspected dealings with Office of Foreign Assets Control (OFAC) sanctioned entities, as the cause for their companies to renegotiate or pull out of a deal over the past three years. The number of financial services industry respondents reporting economic and trade sanctions issues impacting a deal was higher at 64 percent.”