Cosmetics giant Avon will pay $135 million to resolve long-standing civil and criminal charges resulting from violations of the Foreign Corrupt Practices Act in connection with its China operations.
Avon disclosed in a May 1 Form 10-Q filing with the Securities and Exchange Commission that it will $135 million in fines, disgorgement, and prejudgment interest with respect to alleged violations of the books and records and internal control provisions of the FCPA. It will pay $68 million to the Justice Department, and $67 million to the SEC.
