SEC Probes Tech Companies' Overseas Business Relationships for Corruption

By
Elena Vasileva
1 min read

the US Securities and Exchange Commission is investigating publicly traded tech companies' relationships with overseas distributors and business partners to uncover potential corruption.

Key Takeaways:

  • The SEC has begun sending letters to tech companies about their partnerships with non-US entities under the Foreign Corrupt Practices Act
  • The investigation aims to uncover any potential corruption involving offering incentives to non-US officials to win business contracts

Analysis:

This investigation demonstrates the SEC's commitment to enforcing anti-corruption laws and could lead to heightened scrutiny and potential repercussions for tech companies involved in overseas business dealings.

Do You Know?

  • Foreign Corrupt Practices Act (FCPA): This law makes it a crime to offer anything of value to foreign officials to obtain or retain business.
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