December 17, 2014
Posted January 26, 2016
Global beauty products company Avon Products Inc. agreed to pay $135M to settle charges it violated the Foreign Corrupt Practices Act (FCPA) by failing to put controls in place to detect and prevent payments and gifts to Chinese government officials from employees and consultants at a subsidiary. According to the government, Avon’s subsidiary in China made $8M worth of illicit payments to Chinese officials to secure business there. SEC
Tagged in: FCPA,