Defendant Name:
Avon Products, Inc.
Defendant Type:
Public Company
Document Reference:
LR-23159
Document Details
Legal Case Name
SEC v. Avon Products, Inc.
Document Name
SEC Charges Avon Products, Inc. with FCPA Violations
Document Date
17-Dec-2014
Document Format
Civil Proceeding
Case Number
14-cv-09956
Federal District Court
New York, Southern District of New York
AAER
3616
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On January 17, 2015, the SEC announced that it charged Avon Products, Inc. with failing to put in place controls that could have detected and prevented payments made to Chinese government officials from 2004 through the third quarter of 2008. In addition, "Avon's books and records failed to accurately record the details and purpose of the payments." The SEC alleged that the conduct violated the Foreign Corrupt Practices Act (FCPA).
Disgorgement & Penalty Information
Resolutions
Enjoinment
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Various undertakings
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution