- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-01-10T20:31:00
German-based software company SAP agreed to pay more than $220 million as part of resolutions with authorities in the United States and South Africa regarding alleged violations of the Foreign Corrupt Practices Act (FCPA).
SAP entered into a three-year deferred prosecution agreement, was assessed a criminal penalty of nearly $119 million by the Department of Justice (DOJ), and agreed to pay forfeiture of more than $103 million, the agency announced Wednesday. Portions of those amounts will be credited in line with parallel resolutions with the Securities and Exchange Commission (SEC), which announced nearly $100 million to be paid in disgorgement and prejudgment interest, and South African authorities.
The FCPA settlement between SAP and the DOJ marks the second for the agency coordinated with South African authorities, after Swiss technology company ABB in December 2022.
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