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SEC Fines Philips N V $62 Million for Foreign Corrupt Practices Act Violations

SEC Fines Philips N V $62 Million for Foreign Corrupt Practices Act Violations
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Fraud and White Collar Crime - Eversheds Sutherland

In an increasingly interconnected world, prosecutors, regulators, shareholders, journalists and civil society groups all seek to hold corporations and their senior executives accountable for allegedly unlawful and unethical conduct.

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Philips Inks $62M Deal Resolving FCPA Allegations From SEC

Koninklijke Philips N.V. has agreed to shell out $62 million to put to rest U.S. Securities and Exchange Commission allegations that the Dutch medical equipment supplier violated the Foreign Corrupt Practices Act by bribing health care officials in China, according to an announcement made Thursday.

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Philips to pay $62 mln to resolve charges it violated US law

Dutch medical device maker Philips will pay $62 million to resolve charges it violated the Foreign Corrupt Practices Act over its conduct related to sales of medical equipment to China, the U.S.. | May 12, 2023

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Philips to pay $62 million to resolve charges it violated US law, SEC says

WASHINGTON (Reuters) - Dutch medical device maker Philips will pay more than $62 million to resolve charges that it violated the Foreign Corrupt Pract.

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