Defendant Name:
Allianz SE
Defendant Type:
Public Company
Document Reference:
2012-266
Document Details
Legal Case Name
In the Matter of Allianz SE
Document Name
SEC Charges Germany-Based Allianz SE with FCPA Violations
Document Date
17-Dec-2012
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On December 17, 2012, the SEC announced that it charged Germany-based insurance and asset management company Allianz SE ("Allianz") with violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act ("FPCA") for improper payments to government officials in Indonesia during a seven-year period. According to the SEC's order instituting settled administrative proceedings against Allianz, the misconduct occurred from 2001 to 2008 while the company's shares and bonds were registered with the SEC and traded on the New York Stock Exchange. The SEC's order found that Allianz violated the books and records and internal controls provisions of the FCPA. Without admitting or denying the findings, Allianz agreed to cease and desist from further violations and pay more than $12.3 million to settle the SEC's charges.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
