Defendant Name: Kinross Gold Corporation

Defendant Type: Public Company
SIC Code: 1081
CUSIP: 49690240

Initial Case Details

Legal Case Name In the Matter of Kinross Gold Corporation
First Document Date 26-Mar-2018
Initial Filing Format Administrative Action
File Number 3-18407
Allegation Type Foreign Corrupt Practices Act
AAER 3930

Violations Alleged

Exchange Act
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)


First Resolution Date 26-Mar-2018
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

2018-47 26-Mar-2018 Press Release--Administrative Proceeding
Kinross Gold Charged With FCPA Violations
According to a press release issued on March 26, 2018: the SEC "announced a settled action against Canada-based Kinross Gold Corporation for Foreign Corrupt Practices Act violations arising from the company's repeated failure to implement adequate accounting controls of two African subsidiaries."
34-82946 26-Mar-2018 Administrative Proceeding
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
According to the SEC, "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 ("FCPA") by Kinross Gold Corporation, a gold mining company. From September 2010 through at least 2014, Kinross operated gold mines in Mauritania and Ghana without devising and maintaining a system of internal accounting controls sufficient to provide reasonable assurances that transactions were executed in accordance with management's specific or general authorization. As a result, Kinross paid vendors and consultants, often in connection with government interactions, without reasonable assurances that transactions were consistent with their stated purpose or the prohibition against making improper payments to government officials. For certain of these transactions, the company used petty cash to pay consultants which it then failed to accurately and fairly describe in its books and records."