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Teradata FCPA probe ends without enforcement action

Jaclyn Jaeger | February 26, 2018

IT service management company Teradata disclosed in its annual report that it will not be facing any enforcement action following an investigation into questionable gifts and travel expenses by one of its international subsidiaries doing business in Turkey.

In August 2017, Teradata said in a securities filing that it had “promptly initiated an internal investigation into the matter, with the assistance of outside counsel and forensic accountants,” to determine whether the expenses violated the U.S. Foreign Corrupt Practices Act or other potentially applicable anti-corruption laws. The company said it also voluntarily contacted the SEC and Justice Department in February 2017 to alert them to the relevant events and the company's internal investigation.

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