Allianz SE Agrees to Cease and Desist Order with SEC and Payment of $12.6 Million for FCPA Violations

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Friday, March 1, 2013
Bruce Zagaris

On December 27, 2012, Allianz SE, a multinational company headquartered in Munich, Germany, entered into a cease and desist order with the Securities and Exchange Commission and agreed to pay approximately $12.6 million to the U.S. Treasury for disgorgement, prejudgment interest, and a civil monetary penalty relating to its violations of the books and records provisions of the Foreign Corrupt Practices Act (FCPA).[1]

[1]               In the Matter of Allianz SE, Securities and Exchange Commission, Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order and Civil Penalty, Administrative Proceeding File No. 3-15132, Securities Exchange Act of 1934  of 1934 Release No. 68448, Dec. 17, 2012.