WALMART PAYS USD282 MILLION OVER FCPA VIOLATIONS
June 1st, 2019
American mega-retailer Walmart has settled charges imposed by the USA Securities & Exchange Commission (SEC) that it violated the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficiently robust anti-corruption compliance programme as the retailer expanded rapidly internationally. Walmart has paid over USD144 million to settle the SEC’s charges and around USD138 million to resolve parallel criminal charges laid by the US Department of Justice, with the combined total topping USD282 million. The SEC found that Walmart did not do enough to ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.