Defendant Name:
3M Company
Defendant Type:
Public Company
SIC Code:
3841
CUSIP:
88579Y10
Document Reference:
34-98222
Document Details
Legal Case Name
In the Matter of 3M Company
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
25-Aug-2023
Document Format
Administrative Proceeding
AAER
4450
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On August 25, 2023, the SEC instituted settled cease-and-desist proceedings against 3M Company, stating: "This matter concerns violations of the books and records and internal accounting control provisions of the Foreign Corrupt Practices Act ("FCPA") by 3M resulting from conduct by one of its China-based subsidiaries, 3M-China Ltd. ("3M-China") from at least 2014 to 2018."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Disgorgement
Individual:
$3,538,897.00
Shared:
Civil Penalty
Individual:
$2,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,042,721.00
Shared:
