Defendant Name:
Stericycle, Inc.
Defendant Type:
Public Company
Document Reference:
2022-65
Document Details
Legal Case Name
In the Matter of Stericycle, Inc.
Document Name
SEC Charges Stericycle with Bribery Schemes in Latin America
Document Date
20-Apr-2022
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
The SEC "announced charges against Stericycle, Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Argentina, Brazil, and Mexico. The company has agreed to pay more than $84 million to settle parallel civil and criminal charges related to these schemes, including nearly $28.2 million to settle the SEC’s charges."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
The SEC stated: "The SEC’s order provides for an offset of up to approximately $4.2 millionof any disgorgement paid to Brazilian authorities. Therefore, the company's minimum payment to the SEC wouldbe approximately $24 million."
Monetary Penalties:
Total Penalty
Individual:
$28,200,000.00
Shared: