SEC CHARGES ORACLE A SECOND TIME FOR VIOLATIONS OF FCPA

A release on Mondo Visione on 27 September advised that the SEC had announced settled charges requiring Oracle Corporation to pay more than $23 million to resolve charges that it violated provisions of the Foreign Corrupt Practices Act (FCPA) when subsidiaries in Turkey, the UAE, and India created and used slush funds to bribe foreign officials in return for business between 2016 and 2019.

https://mondovisione.com/media-and-resources/news/sec-charges-oracle-a-second-time-for-violations-of-the-foreign-corrupt-practices/

https://fcpablog.com/2022/09/27/recidivist-oracle-pays-sec-22-9-million-to-settle-fcpa-offenses/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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