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The Foreign Extortion Prevention Act (FEPA) signed into law: What it means for companies worldwide | Hogan Lovells

On December 22, 2023, President Biden signed the Foreign Extortion Prevention Act (FEPA) into law, revising Section 201 of Title 18 of the U.S. Code concerning bribery of government.

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SAP will pay over $220 million to settle bribery charges

SAP will pay over $220 million to settle bribery charges
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SAP to pay $220m in bribery case

SAP to pay $220m in bribery case
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Software giant SAP to pay $220m over bribery charges

SAP has agreed to pay more than $220m to settle charges over alleged bribes to government officials in South Africa and Indonesia.

South africaSouth africanNicolem argentieriJessicad aberUs department of justiceExchange commissionJustice departmentForeign corrupt practices act

SAP pays DOJ and SEC $222 million to settle global FCPA large bait violations

SAP pays DOJ and SEC $222 million to settle global FCPA large bait violations
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