Defendant Name:
Credit Suisse Group AG
Defendant Type:
Public Company
SIC Code:
6029
CUSIP:
22540110
Document Reference:
34-83593
Document Details
Legal Case Name
In the Matter of Credit Suisse Group AG
Document Name
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
Document Date
05-Jul-2018
Document Format
Administrative Proceeding
AAER
3948
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On July 5, 2018, the SEC issued an order against Credit Suisse Group AG, stating: "This matter concerns violations of the anti-bribery and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by Credit Suisse. Between at least 2007 and 2013, Credit Suisse provided valuable employment to the relatives and friends of certain government officials in the Asia-Pacific region ("APAC") as a personal benefit to the requesting officials in order to obtain or retain investment banking business or other benefits for the bank."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$24,989,843.00
Shared:
Pre-Judgment Interest
Individual:
$4,833,961.00
Shared:
Total Penalty
Individual:
$29,823,804.00
Shared:
