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NCR Dodges FCPA Enforcement Action by SEC

Jaclyn Jaeger | August 10, 2015

NCR, an automated-teller machine company, recently announced that the Securities and Exchange Commission has decided not to recommend an enforcement action against it in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.  

In 2012, NCR said it received anonymous allegations from a whistleblower regarding certain aspects of its business practices in China, the Middle East, and Africa. The allegations related to the company’s compliance with the FCPA and federal regulations that prohibit U.S. persons from engaging in certain activities in Syria. 

NCR said it voluntarily notified the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) of these potential violations in Syria and ceased operations there. The company said the notification related to “confusion” stemming from NCR’s failure to...

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