Civil FCPA Settlement by Dutch Electronics Giant Philips Continues Trend of “No-Charged Bribery Disgorgement” Cases
Rebecca Hughes Parker
In the first FCPA settlement made public in 2013, Koninklijke Philips Electronics N.V. (Philips), a Dutch electronics company, has agreed to pay $4.5 million in disgorgement and prejudgment interest to resolve the SEC’s allegations that one of Philips’ subsidiaries that sells medical equipment, Philips Polska s.p z.o.o., violated the books and records provisions of the FCPA when its employees bribed Polish health care facility officials and failed to properly record the payments.
In honor of International Women’s Day, some of ION Analytics' editorial teams led by women interviewed notable women in the markets and industries we cover. This part highlights notable women in compliance and hedge fund, data privacy and cybersecurity, and anti-corruption law, including Amii Barnard-Bahn, Abigail Bell, Genna Garver, Jane Horvath, Barbara Li, Amy Mushahwar, Mara Senn and Carol Widger. The interviews are here.