Blog Posts Tagged With FCPA

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In re Barclays PLC (A.P., Sept. 27, 2019, Settled)

Action against Respondent, a bank holding company, for alleged violations of the books and records and internal controls provisions of the FCPA.  The SEC alleges that Respondent hired relatives and close friends of government officials throughout Asia to acquire business and failed to devise and maintain sufficient controls with respect to its hiring practices.  Respondent has agreed to pay disgorgement of $3,824,686, prejudgment interest of $984,040, and a civil penalty of $1,500,000.

SEC Order

SEC
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In re Westport Fuel Systems, Inc. and Nancy Gougarty (A.P., Sept. 27, 2019, Settled)

Action against Respondents, a publicly traded clean fuel systems company and its former chief executive, for alleged violations of the anti-bribery, books and records, and internal controls provisions of the FCPA.  The SEC alleges that Respondents orchestrated a stock transfer to a Chinese official in an effort to increase the dividend of a Chinese joint venture in which the corporate Respondent held shares.  Respondent company agreed to pay disgorgement of $2,350,000, prejudgment interest of $196,000,
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In re Quad/Graphics, Inc. (A.P., Sept. 23, 2019, Settled)

Action against Respondent, a marketing and printing services company, for alleged violations of the anti-bribery, books and records, and internal controls provisions of the FCPA.  The SEC alleges that Respondent’s subsidiaries in Peru and China made improper payments to government officials to win contracts.  Respondent has agreed to pay disgorgement of $6,936,174, prejudgment interest of $959,160, and a civil penalty of $2,000,000.

SEC Order

SEC Press Release
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In re TechnipFMC Plc. (A.P., Sept. 23, 2019, Settled)

Action against Respondent, an oil services company, for alleged violations of the anti-bribery, books and records, and internal controls provisions of the FCPA.  The SEC alleges that Respondent used a third-party intermediary to make improper payments to Iraqi officials.  Respondent has agreed to pay disgorgement of $4,327,194 and prejudgment interest of $734,194.

SEC Order

SEC Administrative Summary
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In re Juniper Networks, Inc. (A.P. Aug. 29, 2019, Settled)

Action against Respondent, a networking equipment product and service company, for alleged violations of the books and records and internal controls provisions of the FCPA.  According to the SEC, sales employees of Respondent’s foreign subsidiaries agreed with third-party channel partners to increase the incremental discount provided to customers through those partners without passing the discounts on to customers.  The SEC alleges that the channel partners diverted the discounts for personal and marketing expenses, including trips
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In re Deutsche Bank AG (A.P. Aug. 22, 2019, Settled)

Action against Respondent, a financial services corporation, for alleged violations of the books and records and internal accounting controls provisions of the FCPA.  According to the SEC, Respondent provided employment to the relatives of foreign government officials to influence them to assist the bank in obtaining or retaining business or other benefits.  The SEC further alleges that Respondent did not enforce a hiring policy enacted to prevent such conduct, that its books and records did
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