Tagged: gifts meals and hospitality

Episode 338 — Deep Dive into Deere SEC FCPA Settlement

Episode 338 — Deep Dive into Deere SEC FCPA Settlement

The SEC’s recent settlement with Deere & Company for $9.9 million for FCPA violations is another textbook example of bribery schemes, which revealed the absence of a culture of compliance, and the circumvention of basic entertainment, hospitality and travel expense controls.  Deere’s bribery scheme involved its Thailand subsidiary, Wirtgen Thailand, and various improper payments to government officials, including cash, sham consulting fees, extravagant “factory visit”...