July 5, 2018
Posted July 11, 2018
Credit Suisse will pay a total of $77 million – $47 million as a criminal penalty and $30 million in disgorgement and interest – to resolve charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA). The government charged that Credit Suisse attempted to secure banking business by offering of employment to family and friends of influential Chinese government officials. SEC; DOJ; USAO EDNY
Tagged in: FCPA, Financial Institution Fraud,