Defendant Name: Telefônica Brasil S.A. 

Defendant Type: Public Company

Document Reference: 34-85819-s

Document Details

Legal Case Name In the Matter of Telefônica Brasil S.A.
Document Name SEC Charges Telefônica Brasil S.A. with Violating Books and Records and Internal Accounting Controls Provisions of the FCPA
Document Date 09-May-2019
Document Format Administrative Proceeding
File Number 3-19162
Allegation Type Foreign Corrupt Practices Act
Document Summary 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)."

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 09-May-2019 Administrative Proceeding
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
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."