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.

Las Vegas Sands pays $7M for FCPA violations

Jaclyn Jaeger | January 20, 2017

Las Vegas Sands, a gaming and resort company, agreed to pay a $6.96 million criminal penalty to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act in connection with business transactions in the People’s Republic of China (PRC) and Macao, the Department of Justice has announced.

According to admissions Sands made in connection with the resolution, certain Sands executives knowingly and willfully failed to implement a system of internal accounting controls to adequately ensure the legitimacy of payments to a business consultant who assisted Sands in promoting its brand in Macao and the PRC, and to prevent the false recording of those payments in its books and records.  

Sands continued to make payments to the consultant despite warnings from its finance staff and an outside auditor that the...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.