Stericycle, a medical waste disposal company, disclosed in an earnings call Thursday it expects to pay $80.7 million in principle agreements with the Securities and Exchange Commission (SEC) and Department of Justice for violations of the Foreign Corrupt Practices Act (FCPA) concerning its operations in Latin America.
Stericycle disclosed in an August 2017 filing it received a subpoena from the SEC in June 2017 “requesting documents and information relating to the company’s compliance with the FCPA or other foreign or domestic corruption laws with respect to certain of the company’s operations in Latin America.” The Department of Justice also notified the company at that time it was investigating the matter in parallel with the SEC, the company said.
