The Commission stated: "Between March 12,2001 and September 30,2007 (the "Relevant Period"), Siemens Aktiengesellschaft ("Siemens" or the"Company') violated the Foreign Corrupt Practices Act . . . (the "FCPA") by engaging in a widespread and systematic practice of paying bribes to foreign government officials to obtain business. Siemens created elaborate payment schemes to conceal the nature of its corrupt payments, and the Company's inadequate internal controls allowed the illicit conduct to flourish. The misconduct involved employees at all levels of the Company, including former senior management, and reveals a corporate culture that had long been at odds with the FCPA."

The Commission stated: "Between March 12,2001 and September 30,2007 (the "Relevant Period"), Siemens Aktiengesellschaft ("Siemens" or the"Company') violated the Foreign Corrupt Practices Act . . . (the "FCPA") by engaging in a widespread and systematic practice of paying bribes to foreign government officials to obtain business. Siemens created elaborate payment schemes to conceal the nature of its corrupt payments, and the Company's inadequate internal controls allowed the illicit conduct to flourish. The misconduct involved employees at all levels of the Company, including former senior management, and reveals a corporate culture that had long been at odds with the FCPA."

On December 15, 2008, the Court issued a Final Judgment as to Defendant Siemens Aktiengesellschaft stating: "Defendant Siemens Aktiengesellschaft . . . consented to the entry of this Final Judgment without admitting or denying the allegations of the Complaint (except, solely for purposes of this action, as to jurisdiction); waived findings of facts and conclusions of law; and waived any rights to appeal from this Final Judgment."

The SEC stated that: "[It] filed a settled enforcement action on December 12, 2008, in the U.S. District Court for the District of Columbia charging Siemens Aktiengesellschaft ("Siemens"), a Munich, Germany-based manufacturer of industrial and consumer products, with violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act ("FCPA")."

The SEC announced: "an unprecedented settlement with Siemens AG to resolve SEC charges that the Munich, Germany-based manufacturer of industrial and consumer products violated the Foreign Corrupt Practices Act (FCPA) by engaging in a systematic practice of paying bribes to foreign government officials to obtain business."