Key Energy Services, an oilfield services company, disclosed in a securities filing this week that it is being investigated by the Securities and Exchange Commission for potential violations of the Foreign Corrupt Practices Act.

The FCPA allegations concern business activities of Key Energy’s operations in Russia, the company stated in a Form 10-Q filing, dated May 6. No further details were provided on the matter.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...