Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Avon Pays $135 Million To Resolve FCPA Charges

Joe Mont | December 17, 2014

The Securities and Exchange Commission has charged Avon, a global beauty products company, with violating the Foreign Corrupt Practices Act by failing to put controls in place to detect and prevent payments and gifts to Chinese government officials from employees and consultants at a subsidiary.

Avon agreed to pay a total of $135 million to settle the SEC’s charges and a parallel case announced on Wednesday by the Department of Justice and the U.S. Attorney’s Office for the Southern District of New York.

The SEC alleges that Avon’s subsidiary in China made $8 million worth of payments in cash, gifts, travel, and entertainment to gain access to Chinese officials overseeing direct selling regulations in China.  Avon sought to be among the first allowed to test the regulations, and eventually received the first...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.