Thursday, October 8, 2009

U.S. Firm/Principals Receive FCPA Penalties for Subsidiary's Bribes

U.S. Firm/Principals Receive FCPA Penalties for Subsidiary's Bribes to Foreign Customs Officials, Etc.

Source: Power Broker, Inc. (http://www.brokerpower.com/)

The Securities and Exchange Commission has announced that Nature's Sunshine Products Inc. (NSP) and two of its principals will pay civil penalties to settle allegations that NSP’s Brazilian subsidiary made illegal cash payments to Brazilian customs officials in violation of the Foreign Corrupt Practices Act (FCPA). Click here to read more.

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