Defendant Name: LAN Airlines S.A.

Defendant Type: Public Company
SIC Code: 4512
CUSIP: 50172310

Initial Case Details

Legal Case Name In the Matter of LAN Airlines S.A.
First Document Date 25-Jul-2016
Initial Filing Format Administrative Action
File Number 3-17357
Allegation Type Foreign Corrupt Practices Act
AAER 3792

Violations Alleged

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

Resolutions

First Resolution Date 25-Jul-2016
Headline Total Penalty and Disgorgement $9,437,788

Related Documents:

34-78402 25-Jul-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 9134, Making Findings, and Imposing a Cease-and-Desist Order
On July 25, 2016, the SEC instituted a settled administrative proceeding against LAN Airlines S.A. According to the SEC, in 2006 and 2007 LAN authorized $1.15 million in improper payments to officials in Argentina. "The payments were improperly booked in LAN's books and records, which circumvented LAN's internal accounting controls".
2016-151 25-Jul-2016 Press Release--Administrative Proceeding
LAN Airlines Settles FCPA Charges
On July 25, 2016, the SEC published a press release announcing that it filed a settled complaint against LAN Airlines, for failing to keep accurate books and records and maintain adequate internal accounting controls.

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Ignacio Cueto Plaza