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Lessons in Compliance: From FCPA Scofflaw to Remediation

Posted October 29, 2014

Under International Trade Issues

On Monday, the Securities and Exchange Commission (SEC) announced that Layne Christensen Co., a global water management, construction, and drilling company headquartered in Texas, has agreed to pay more than $5 million to settle charges of violating the Foreign Corrupt Practices Act (FCPA) by bribing government officials in Africa in exchange for favourable tax treatment, customs clearance and other improper benefits. Click here to read more.