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.

In its latest annual report, Teradata said it was advised by the SEC on Jan. 16, 2018 that “its staff will not recommend any enforcement action…and that its investigation into this matter is closed.” In its annual report, Teradata said it was also notified by the Justice Department on Feb. 20 that “it will not take any enforcement action and that its investigation into this matter is closed.”

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