The Department of Justice and Mobile TeleSystems (MTS) jointly agreed to voluntarily extend for one year the term of the Russian telecommunications company’s independent compliance monitorship because it has not yet completely fulfilled its obligations under a 2019 deferred prosecution agreement (DPA).
MTS retained an independent compliance monitor in September 2019 to review and test its anti-corruption compliance program after the company paid $850 million in penalties announced by the Justice Department and Securities and Exchange Commission (SEC) to resolve charges it violated the Foreign Corrupt Practices Act (FCPA) to win business in Uzbekistan.
