Technology firm PTC Inc. said in a securities filing Monday it has reserved $28.2 million for a possible settlement with the DOJ and SEC of apparent FCPA offenses in China.
Entries in travel and entertainment expenses (30)
The Securities and Exchange Commission Wednesday charged global resources company BHP Billiton with violating the Foreign Corrupt Practices Act when it sponsored foreign government officials as guests at the 2008 Summer Olympics in Beijing.
In a speech Tuesday at CBI's Annual Pharmaceutical Compliance Congress in Washington D.C., the head of the SEC's enforcement division, Andrew Ceresney, left, talked about the most common ways pharmas violate the FCPA.
The Securities and Exchange Commission Monday charged Bruker Corporation with violating the Foreign Corrupt Practices Act by paying for sightseeing trips and shopping expenses for Chinese government officials responsible for buying the company's products.
Beauty products company Avon said Thursday it has "reached an understanding" with the DOJ and SEC for settlement of FCPA offenses.
Qualcomm Inc, the world’s biggest mobile chipmaker, could face a FCPA enforcement action over alleged bribery to officials in China’s state-owned firms, the company disclosed in an SEC filing Wednesday.
SciClone Pharmaceuticals Inc. said Friday that an investigation launched three years ago into possible FCPA violations in China is ongoing and the SEC has issued a new subpoena focused on ‘sales and marketing expenses’ by its NovaMed unit there.
Avon Products Inc. said in a quarterly filing Thursday that the DOJ and SEC rejected an offer in June to settle an ongoing FCPA investigation for $12 million and have not yet made any counter offers.
China state media reported Friday that police have detained 18 more people in the growing bribery investigation of U.K. drug maker GlaxoSmithKline.
After a wait of two years, a federal judge Wednesday granted final approval for IBM's settlement with the SEC of civil FCPA charges.
When it comes to global bribery laws and FCPA compliance, travel and entertainment expenses and the reimbursement process are enormously meaningful in many ways. So how can you make sure that your risk, compliance, and audit departments are properly tracking these processes and effectively mitigating risk?