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Ciena discloses FCPA probe

Jaclyn Jaeger | December 27, 2017

Telecommunications company Ciena disclosed in its latest annual report that it has initiated an internal investigation into potential violations of the Foreign Corrupt Practices Act and voluntarily notified U.S. authorities.

“During fiscal 2017, one of Ciena’s third-party vendors raised allegations about certain questionable payments to one or more individuals employed by a customer in a country in the ASEAN region,” the company disclosed. Member states of the ASEAN region are Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, and Brunei.

Ciena said it “promptly initiated an internal investigation into the matter, with the assistance of outside counsel” and sought to determine whether direct and indirect payments made may have violated applicable laws and regulations, including the FCPA.

Ciena said it voluntarily... To get the full story, subscribe now.