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.

Panasonic discloses FCPA probe

Jaclyn Jaeger | February 2, 2017

Panasonic, a Japanese multinational electronics company, today issued a statement disclosing that it’s being investigated for potential violations of the Foreign Corrupt Practices Act.

Panasonic would only state that the Department of Justice and the Securities and Exchange Commission are investigating the business operations of its U.S. subsidiary, Panasonic Avionics. It would not specify, however, the nature of the investigation.

In March 2013, The Wall Street Journal reported that U.S. enforcement authorities were investigating Panasonic Avionics concerning allegations that it paid bribes overseas to airline employees or government officials in exchange for business. Executives and employees in Asia, Europe, and the Middle East received notices, the Journal reported....

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.