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.

CHS self-reports FCPA investigation

Jaclyn Jaeger | December 4, 2018

Farm supplies company CHS disclosed in a Dec. 3 securities filing that it has self-reported to the Department of Justice and Securities and Exchange Commission potential violations of the Foreign Corrupt Practices Act.

CHS said in a Form 10-K that it contacted the U.S. Department of Justice and SEC in the fourth quarter of fiscal year 2018 “to voluntarily self-disclose potential violations of the FCPA in connection with a small number of reimbursements the company made to Mexican customs agents in the 2014-2015 time period for payments the customs agents made to Mexican customs officials in connection with inspections of grain crossing the U.S.-Mexican border by railcar.”

CHS said it is “fully cooperating with the government, including with the assistance of legal counsel.” That assistance includes “investigating other areas of potential interest,” the filing states....

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.