SEC FCPA Enforcement Settlement with Astra Zeneca PLC Requires Payment of $5.5 Million

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Friday, September 9, 2016
Author: 
Bruce Zagaris
Volume: 
32
Issue: 
9
Abstract: 
On August 31, 2016, the Securities and Exchange Commission and AstraZeneca PLC (AZN) entered into a settlement of SEC’s allegations of violating internal controls and recordkeeping provisions of the Foreign Corrupt Practices Act (FCPA) by AZN and its wholly owned-subsidiaries in China and Russia.  AstraZeneca PLC must pay a disgorgement of $4,325,000, which represents profits gained as a result of the violations, prejudgment interest of $822,000, and a civil money penalty of $375,000.