3M has agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act, the Securities and Exchange Commission said Friday.
Tag: Foreign Corrupt Practices Act
Trump Administration Considering Changes to the Foreign Corrupt Practices Act
Donald Trump’s administration is considering making changes to a law that makes it illegal for American companies to bribe foreign officials in exchange for business. In a press conference at the White House on Friday, White House economic adviser Larry Kudlow told reporters the administration was “looking at” the Foreign Corrupt Practices Act (FCPA). “I… Continue reading Trump Administration Considering Changes to the Foreign Corrupt Practices Act
Walmart to Pay $282M to Settle Charges of Corruption at Its Foreign Subsidiaries
Walmart, the country’s largest retailer, on Thursday agreed to pay $282 million to settle federal criminal and civil charges that it ignored evidence of internal corruption for years that helped fuel its massive overseas expansion. The company acknowledged wrongdoing as part of the settlements with the Justice Department and the Securities and Exchange Commission. The… Continue reading Walmart to Pay $282M to Settle Charges of Corruption at Its Foreign Subsidiaries