While declaring it has no evidence of United States-like violations by its firms, Europe’s top mutual fund association said Friday it would look into possible violations by its companies and if any are found, draw up ways to halt them, Reuters reports.

New York Attorney Eliot Spitzer’s probe into the industry has raised antennas even overseas, where the problem of non-uniform regulations from nation to nation could pose some problems in finding and fixing violations. But the European Federation of Mutual Funds has insisted its members have worked more honestly than those from U.S. organizations.

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