Defendant Name: LAN Airlines S.A.

Defendant Type: Public Company

Document Reference: 2016-151

Document Details

Legal Case Name In the Matter of LAN Airlines S.A.
Document Name LAN Airlines Settles FCPA Charges
Document Date 25-Jul-2016
Document Format Administrative Proceeding
File Number 3-17357
AAER 3792
Allegation Type Foreign Corrupt Practices Act
Document Summary On July 25, 2016, the SEC published a press release announcing that it filed a settled complaint against LAN Airlines, for failing to keep accurate books and records and maintain adequate internal accounting controls.

Disgorgement & Penalty Information

Resolutions
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution

Related Documents:

34-78402 25-Jul-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 9134, Making Findings, and Imposing a Cease-and-Desist Order
On July 25, 2016, the SEC instituted a settled administrative proceeding against LAN Airlines S.A. According to the SEC, in 2006 and 2007 LAN authorized $1.15 million in improper payments to officials in Argentina. "The payments were improperly booked in LAN's books and records, which circumvented LAN's internal accounting controls".

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