Defendant Name: Telefônica Brasil S.A. 

Defendant Type: Public Company
SIC Code: 4813
CUSIP: 87936R106

Document Reference: 34-85819

Document Details

Legal Case Name In the Matter of Telefônica Brasil S.A.
Document Name Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date 09-May-2019
Document Format Administrative Proceeding
File Number 3-19162
AAER 4046
Allegation Type Foreign Corrupt Practices Act
Document Summary The Commission stated: "These proceedings arise out of Telefônica Brasil’s violations of the internal accounting controls and recordkeeping provisions of the Foreign Corrupt Practices Act of 1977. [...] Telefônica Brasil failed to devise and maintain sufficient internal accounting controls over a hospitality program that the company hosted in connection with the 2014 World Cup and 2013 Confederations Cup."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $4,125,000.00 Shared:    

Related Documents:

34-85819-s 09-May-2019 Administrative Summary
SEC Charges Telefônica Brasil S.A. with Violating Books and Records and Internal Accounting Controls Provisions of the FCPA
The Commission stated: " The Securities and Exchange Commission today charged Telefônica Brasil S.A., a Brazilian telecommunications company, for violating the books and records and the internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA)."