/PRNewswire/ Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that.
South Korean telecommunications behemoth KT Corp. has agreed to pay $6.3 million to put to rest U.S. Securities and Exchange Commission allegations that the company violated the Foreign Corrupt Practices Act by making improper payments to benefit government officials abroad, the SEC announced Thursday.
<p><span>The Securities and Exchange Commission announced that Seoul-based KT Corporation (KT Corp.) will pay $6.3 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing improper payments for the benefit of government officials in Korea and Vietnam.</span></p>
As expected when a new administration takes office, 2021 saw a surge in white-collar enforcement activity. There was a 12% increase in white-collar prosecutions during US President Joe.
DOJ Fraud Section 2021 review: FCPA resolutions down complianceweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from complianceweek.com Daily Mail and Mail on Sunday newspapers.