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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...

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