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Herbalife provides update on FCPA probe

Jaclyn Jaeger | February 22, 2019

Dietary supplement maker Herbalife in a regulatory filing this week provided an update on an ongoing investigation regarding the company’s compliance with the Foreign Corrupt Practices Act in China.

Herbalife first revealed the investigation in January 2017. The investigation is “mainly focused on the company’s China external affairs expenditures relating to its China business activities and the adequacy of, and compliance with, the company’s internal controls relating to such expenditures,” Herbalife said in a Feb. 19 Form 10-K filing.

“This investigation is proceeding, with the government continuing to request documents and other information relating to these matters,” Herbalife said.

Herbalife said it is also conducting its own review and “has taken remedial and improvement measures based upon this review, including but not limited to replacement of a number...

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