Sidley Tied to African Official Named in Corruption Report

A Senate report on foreign officials' use of U.S. intermediaries to circumvent money-laundering laws has put the spotlight on Sidley Austin's relationship with Teodoro Nguema Obiang, son of Equatorial Guinea's president and a person the U.S. government has accused of earning his wealth from corruption. Sidley didn't break any laws and did plenty of due diligence, getting the Justice Department's OK on work that the firm did for Obiang -- but Senate investigators hope the report spurs stricter rules on money laundering.