Given today’s investment environment, with an unabated government focus on the private funds industry and significant investment opportunities in emerging markets, private fund managers are hard-pressed to ignore corruption risks in their businesses.  The Hedge Fund Law Report, The Anti-Corruption Report and law firm Molo Lamken recently hosted a panel that addressed hot topics in FCPA enforcement and compliance for the private funds industry.  The panelists, including outside and in-house counsel, discussed, among other things: the current FCPA enforcement climate for hedge fund and private equity fund managers; strategies for mitigating the risk associated with third parties and service providers in high-risk countries; handling facilitation payments; self-reporting violations; and the importance of continuous monitoring of compliance programs.  See “FCPA Considerations for the Private Fund Industry: An Interview with Former Federal Prosecutor Justin Shur,” Hedge Fund Law Report, Vol. 7, No. 20 (May 23, 2014).