Defendant Name: Johnson Controls, Inc.

Defendant Type: Public Company

Document Reference: 34-78287-s

Document Details

Legal Case Name In the Matter of Johnson Controls, Inc.
Document Name Global HVAC Provider Settles FCPA Charges
Document Date 11-Jul-2016
Document Format Administrative Proceeding
File Number 3-17337
Allegation Type Foreign Corrupt Practices Act
Document Summary On July 11, 2016, the SEC issued a press release announcing that Johnson Controls, Inc. "has agreed to pay more than $14,000,000 to settle charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA)."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Self Reporting to SEC

Related Documents:

34-78287 11-Jul-2016 Administrative Proceeding
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
On July 11, 2016, the SEC instituted a settled administrative proceeding against Johnson Controls, Inc. ("JCI"). According to the SEC, JCI - through its subsidiary, China Marine - "made payments to sham vendors. The improper vendor payments were improperly recorded on JCI's books and records, and JCI failed to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances to detect and prevent such payments."