Hard-hitting 'real world' actionable advice from customs compliance and supply chain experts
C TPAT Certification | Trade Innovations, Inc.
  • HOME
  • TRADE SOLUTIONS
    • SOURCING
    • TRADE COMPLIANCE
    • COMPLIANCE AUDITS AND DIAGNOSTICS
    • C-TPAT SERVICES
    • CUSTOMIZED TRAINING
    • IMPORTER SECURITY FILING (ISF)
    • DIRECT-FILING CUSTOMS ENTRIES
  • TRADE UPDATE
  • ABOUT US
  • CONTACT
  • STRATEGIC ALLIANCES
  • DIFFERENTIATION
  • SATISFIED CLIENTS
  • AMUSING AND AMAZING

$14M to Resolve FCPA Charges

2/18/2016

0 Comments

 
The U.S. Department of Justice (DOJ) has announced that two subsidiaries of Massachusetts software company entered into a non-prosecution agreement and agreed to pay a $14.54 million penalty today to resolve the government’s investigation into whether the companies improperly provided recreational travel to Chinese government officials in violation of the Foreign Corrupt Practices Act (FCPA).  

According to admissions made in the resolution documents, the company through local business partners, arranged and paid for employees of various Chinese state-owned enterprises to travel to the United States, ostensibly for training at the company's headquarters in Massachusetts, but primarily for recreational travel to other parts of the United States, including New York, Los Angeles, Las Vegas and Hawaii.  The company paid a total of more than $1 million through its business partners to fund these trips, while during the same time period, the company entered into more than $13 million in contracts with the Chinese state-owned entities.  Company employees typically accompanied the Chinese officials on these trips.

​To read the entire DOJ Press Release please follow this link:  
$14M to resolve FCPA
0 Comments



Leave a Reply.


    Author

    Michael Laden is a Founder and Principal of the firm.  He is a licensed customs broker and has been toiling in the international trade industry for almost 40 years.  His full bio can be found on the ABOUT US page.

    View my profile on LinkedIn

    Archives

    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    November 2014
    October 2014
    September 2014
    July 2014
    June 2014

    Categories

    All

    Picture
    Trade Update Sign-Up QR Code
Copyright © 2017 Trade Innovations, Inc. - All Rights Reserved