SEC Enforcement Actions: FCPA Cases, U.S. Securities and Exchange Commission

http://www.sec.gov/spotlight/fcpa/fcpa-cases.shtml

This website provides hyperlinks for every case from 2013 to 1978. Please note the other websites and links at the bottom of the page. – CCE

Enforcement of the Foreign Corrupt Practices Act (FCPA) continues to be a high priority area for the SEC. In 2010, the SEC’s Enforcement Division created a specialized unit to further enhance its enforcement of the FCPA, which prohibits U.S. companies from bribing foreign officials for government contracts and other business.

Update: On December 20, 2013, the SEC charged Archer-Daniels-Midland Company with violation of the FCPA for failure to prevent illegal payments to foreign government officials. -CCE

SEC Charges Archer-Daniels-Midland Company With FCPA Violations, Press Release, U.S. Securities and Exchange Commission

http://tinyurl.com/kct8jgc

An SEC investigation found that ADM’s subsidiaries in Germany and Ukraine paid $21 million in bribes through intermediaries to secure the release of value-added tax (VAT) refunds.  The payments were then concealed by improperly recording the transactions in accounting records as insurance premiums and other purported business expenses.  ADM had insufficient anti-bribery compliance controls and made approximately $33 million in illegal profits as a result of the bribery by its subsidiaries.