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Analysis: The Rising Costs of FCPA Investigations

Jaclyn Jaeger | March 4, 2013

The high costs of conducting a Foreign Corrupt Practices Act investigation continues to become painfully evident, as revealed by numerous companies in recent filings with the Securities and Exchange Commission.

In just the last few weeks, a handful of companies—including Walmart, Avon, and News Corp.—have reported spending well beyond $100 million in FCPA-related investigation costs alone pertaining to multinational probes. For most companies, these costs are only rising.

Recent analysis conducted by Compliance Week takes a look at some of these latest investigation costs:

Avon

Cosmetics giant Avon disclosed in its 2012 annual report that it has spent a whopping $339.7 million since 2009 on “professional and related fees” associated with a global FCPA investigation and compliance reviews.  A breakdown of those costs shows the company spent $92.4 million in...

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