They further corrupted public tenders by colluding with other manufacturers’ employees to create false accompanying bids to give the appearance of a legitimate public tender.

For several years, employees at Philips’ Chinese subsidiaries, distributors or sub-dealers sought to improperly influence government hospital officials, including through the use of price discounts that increased the risk of payments to the government officials, to increase the likelihood that Philips’ products would be selected in public tenders. – The medical device manufacturer agreed to pay $62 million to resolve charges that it violated the books and records and internal accounting controls provisions of the FCPA, in connection with the operations of its subsidiaries in China. – A research and consulting services company agreed to pay over $2.45 million to resolve charges that it violated the anti-bribery, books and records, and internal accounting control provisions of the FCPA in connection with a corrupt arrangement with a South African consulting firm to obtain and retain contracts from the South African Revenue Service. The following is a list of the SEC's FCPA enforcement actions listed by calendar year: 2023 from bribing foreign officials for government contracts and other business.

In 2010, the SEC's Enforcement Division created a specialized unit to further enhance its enforcement of the FCPA, which prohibits companies issuing stock in the U.S.

Enforcement of the Foreign Corrupt Practices Act (FCPA) continues to be a high priority area for the SEC.

Flutter valve device $20