• Foreign Corrupt Practices Act Alert: FLIR Systems Agrees to Pay $9.5 Million to Settle SEC Charges of Violating the FCPA by Providing Gifts and Personal Travel to Saudi Arabian Officials
  • April 24, 2015 | Authors: Nicolas Bourtin; Justin J. DeCamp; Theodore Edelman; Robert J. Giuffra; John L. Hardiman
  • Law Firm: Sullivan & Cromwell LLP - New York Office
  • On April 8, 2015, the U.S. Securities and Exchange Commission issued a cease and desist order pursuant to which FLIR Systems, Inc. agreed to pay $8.5 million in disgorgement and prejudgment interest and a $1 million civil penalty to settle charges that the company violated the anti-bribery, books and records, and internal control provisions of the Foreign Corrupt Practices Act.