The long arm of the U.S. law is intimidating enough for corporations. Now the long arms of the law in other nations are getting in on the act.
The latest U.S. company tripped up by the global ambitions of overseas regulators in the Bank of New York, hit with a $22.5 million lawsuit by Russian authorities seeking to punish BONY for alleged illegal money transfers in that nation in the 1990s. Last month, the Russian Federal Customs Service accused BONY of ignoring the suit and failing to appear at a court hearing in Moscow.
