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Uber discloses its bribery and corruption risk

Jaclyn Jaeger | April 15, 2019

In its first-ever filing with the Securities and Exchange Commission on April 11, ride-sharing company Uber discussed its bribery and corruption risks, including an ongoing investigation by the Department of Justice.

“Our activities in certain countries with high levels of corruption enhance the risk of unauthorized payments or offers of payments by drivers, consumers, restaurants, shippers or carriers, employees, consultants, or business partners in violation of various anti-corruption laws, including the FCPA, even though the actions of these parties are often outside our control,” Uber stated in its Form S-1. The filing was first reported by FCPA Tracker.

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