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Teradata discloses FCPA probe

Jaclyn Jaeger | August 7, 2017

Teradata, an IT service management company, disclosed in its most recent quarterly filing that it has, through internal processes, “discovered certain questionable expenditures for travel, gifts, and other expenses” at one of its international subsidiaries doing business in Turkey.

Teradata said it “promptly initiated an internal investigation into the matter, with the assistance of outside counsel and forensic accountants,” to determine whether the expenditures may have violated the U.S. Foreign Corrupt Practices Act or other potentially applicable anti-corruption laws. The company said it voluntarily contacted the SEC and the U.S. Department of Justice in late February 2017 to alert them to the relevant events and the company's internal investigation.
Teradata said it has periodically updated the government regarding the status of the company's...
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