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
File Number 3-16478
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 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

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:


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:    

Related Documents:

2015-62 08-Apr-2015 Press Release--Administrative Proceeding
SEC Charges Oregon-Based Defense Contractor With FCPA Violations
On April 8, 2015, the SEC charged FLIR Systems Inc. with violating the Foreign Corrupt Practice Act by financing a "world tour" of personal travel for government officials in the Middle East who played key roles in decisions to purchase FLIR products. According to the SEC, FLIR earned more than $7 million in profits from sales influenced by such improper travel and gifts.

Related Actions:

In the Matter of Stephen Timms and Yasser Ramahi