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Analogic Faces $15 Million FCPA Settlement

Jaclyn Jaeger | December 11, 2015

Analogic, an airport security and medical-imaging technology provider, said this week in a quarterly filing that the Securities and Exchange Commission and the Department of Justice have made separate settlement proposals to resolve a Foreign Corrupt Practices Act case totaling payments of approximately $15 million.

As Compliance Week previously reported, Analogic initially disclosed the potential violations in its annual report for the fiscal year ended July 31, 2011 after discovering certain transactions involving its Danish subsidiary BK Medical, and certain of its foreign distributors, that potentially violated Danish law, the FCPA, and company policies. These included transactions in which the distributors paid BK Medical more than amounts owed, and BK...

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