Defendant Name:
FLIR Systems, Inc.
Defendant Type:
Public Company
SIC Code:
3810
CUSIP:
30244510
Document Reference:
34-74673
Document Details
Legal Case Name
In the Matter of FLIR Systems, Inc.
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
08-Apr-2015
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On April 8, 2015, the SEC instituted settled administrative proceedings against FLIR Systems, Inc. According to the SEC: "This matter concerns violations of the anti-bribery, books and records and internal controls provisions of the Foreign Corrupt Practices Act...by FLIR." Specifically, "in 2009, employees of FLIR provided unlawful travel, gifts and entertainment to foreign officials in the Kingdom of Saudi Arabia to obtain or retain business....Also, from 2008 through 2010, FLIR provided significant additional travel to the same MOI officials, which was booked as business expenses, but for which there is insufficient supporting documentation to confirm the business purpose."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Various undertakings
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Disgorgement
Individual:
$7,534,000.00
Shared:
Civil Penalty
Individual:
$1,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$970,584.00
Shared:
Total Penalty
Individual:
$9,504,584.00
Shared:
