Crawford & Company said yesterday in a filing with the Securities and Exchange Commission that it has launched an internal investigation into potential violations of the Foreign Corrupt Practices Act.
Crawford & Company, which provides claims management solutions to insurance companies and self-insured entities, said it discovered the potential FCPA violations “during the course of its regular internal audit process."
"Upon discovery, the company, with the oversight of the audit committee and the board of directors, proactively initiated an investigation into this matter with the assistance of external legal counsel and external forensic accountants," the company said.
In addition, Crawford & Company said it has voluntarily self-reported the potential FCPA violations to the SEC and the Department of Justice and continues to cooperate fully with both agencies. The company did not provide any further details on the investigation.