Defendant Name:
3M Company
Defendant Type:
Public Company
Document Reference:
2023-160
Document Details
Legal Case Name
In the Matter of 3M Company
Document Name
SEC Charges 3M with Foreign Corrupt Practices Act Violations Relating to China Subsidiary
Document Date
25-Aug-2023
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On August 25, 2023, the SEC "announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Disgorgement
Individual:
$4,581,618.00
Shared:
Civil Penalty
Individual:
$2,000,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)