The Securities and Exchange Commission continues to rack up FCPA enforcement actions.  In its latest settlement, Clear Channel Outdoor Holdings agreed to pay $26.1 million for bribery violations committed by its former Chinese subsidiary.  According to Clear Channel, the Department of Justice closed its FCPA investigation. 

Clear Channel, a San Antonio-based advertising company, paid bribes to Chinese government officials with cash, gift cards, first-class travel, hotels, meals, golf clubs, vases, expensive gifts, entertainment and other benefits, often tied to influence contract renewal negotiations.  Executive A spent hundreds of thousands of dollars without any pre-approval or review on government officials for travel, lodging, meals and entertainment in order to secure outdoor advertising contracts and public bus shelter spaces.