By Aaron Nicodemus2023-02-28T14:52:00
Stanley Black & Decker voluntarily disclosed to federal regulators its international division might have violated the Foreign Corrupt Practices Act (FCPA).
In its annual report published Thursday, the Connecticut-based tool manufacturer said it “identified certain transactions relating to its international operations that may raise compliance questions under the [FCPA].”
The company said it voluntarily disclosed the information to the Department of Justice (DOJ) and the Securities and Exchange Commission. Stanley Black & Decker said it is “cooperating with both agencies in their investigations” and it has hired professional advisers to review and further enhance “relevant policies, procedures, and controls.”
2023-06-21T14:06:00Z By Kyle Brasseur
Tool manufacturer Stanley Black & Decker avoided a civil penalty in settling with the Securities and Exchange Commission regarding alleged violations of executive perk disclosure rules.
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U.K.-based mining and minerals company Rio Tinto will pay a $15 million fine to settle charges of violating the Foreign Corrupt Practices Act when it entered into a scheme with a consultant in 2011 to bribe government officials in Guinea.
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The Department of Justice unveiled new incentives to encourage companies to voluntarily report violations of the Foreign Corrupt Practices Act, including steep discounts in monetary fines against businesses that self-disclose misconduct.
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Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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A single $33,000 shipment to Iran triggered a six-figure penalty and years of compliance oversight for biotechnology company LuminUltra Technologies, Inc.
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