Microsoft pays $25 million to resolve widespread FCPA violations

By AML FCPA, AML

Microsoft pays $25 million to resolve widespread FCPA violations

Microsoft Corporation

paid the DOJ and SEC $25.3 million Monday to settle FCPA offenses related to its operations in Hungary, Saudi Arabia, Thailand, and Turkey.

A Microsoft subsidiary in Hungary called Microsoft Magyarorszag Kft.

paid a criminal penalty of $8.75 million and entered into a three-year non-prosecution agreement with the DOJ.

Redmond, Washington-based Microsoft Corporation

also disgorged $13.78 million to the SEC, plus prejudgment interest of $2.78 million.

Microsoft first disclosed the FCPA-related investigation in an SEC filing in July 2016, according to data from FCPA Tracker.

The FCPA Blog

http://www.fcpablog.com/blog/2019/7/22/microsoft-pays-25-million-to-resolve-widespread-fcpa-violati.html

More from tokioX :

  1. Deutsche Bank pays $122.9 million to resolve ‘business development’ FCPA offenses
  2. Swiss trading giant pays over $135 million to resolve FCPA offenses
  3. Herbalife pays $123 million to resolve China FCPA offenses
  4. Novartis pays $346.7 million to resolve widespread FCPA offenses
  5. Ericsson pays $1 billion to resolve FCPA violations
  6. Samsung Heavy Industries pays $75 million to resolve FCPA offenses
  7. Wisconsin marketing firm pays $10 million to resolve FCPA offenses –