Defendant Name: 3M Company

Defendant Type: Public Company
SIC Code: 3841
CUSIP: 88579Y10

Initial Case Details

Legal Case Name In the Matter 3M Company
First Document Date 25-Aug-2023
Initial Filing Format Administrative Action
File Number 3-21581
Allegation Type Foreign Corrupt Practices Act
AAER 4450

Violations Alleged

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

Resolutions

First Resolution Date 25-Aug-2023
Headline Total Penalty and Disgorgement $7,624,339

Related Documents:

2023-160 25-Aug-2023 Press Release--Administrative Proceeding
SEC Charges 3M with Foreign Corrupt Practices Act Violations Relating to China Subsidiary
On August 25, 2023, the SEC "announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA)."
34-98222 25-Aug-2023 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
On August 25, 2023, the SEC instituted settled cease-and-desist proceedings against 3M Company, stating: "This matter concerns violations of the books and records and internal accounting control provisions of the Foreign Corrupt Practices Act ("FCPA") by 3M resulting from conduct by one of its China-based subsidiaries, 3M-China Ltd. ("3M-China") from at least 2014 to 2018."