Akamai Technologies, a cloud services provider, disclosed this week in an annual report with the Securities and Exchange Commission that it is conducting an internal investigation related to potential violations of the Foreign Corrupt Practices Act.
In a Form 10-K, dated March 2, Akamai said it is “conducting an internal investigation, with the assistance of outside counsel, relating to sales practices in a country outside the United States.” Akamai said the investigation includes a review of compliance with the requirements of the FCPA and other applicable laws and regulations by employees in that market.
Akamai did not provide any further details on the investigation, except to say that the country in question made up less than 1% of its revenues in each of the years ended Dec. 31, 2012, 2013, and 2014.
In its annual report, Akamai said it voluntarily reported the internal investigation to the SEC and Department of Justice last month. “As of the filing of this annual report on Form 10-K, we cannot predict the outcome of this matter,” the company stated. “If violations are found, we may be subject to penalties, which could include substantial fines.”
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