Tagged: Frank's sales agent

Episode 276 — Review of Philips and Franks Int’l SEC FCPA Enforcement Actions

The SEC recently announced two separate FCPA SEC enforcement actions — the first against Franks International for $8 million for FCPA violations in Angola; and the second against Philips, a Dutch medical device company, for $62 million for FCPA violations in China. The SEC settlement actions underscored important bribery risks in Angola and China. Philips’ recent settlement is its second in the last ten years. ...