Philips to Pay $62.2M for FCPA Violations
Amsterdam-based Koninklijke Philips will pay $62.2 million in a settlement with the Securities and Exchange Commission for alleged violations of the Foreign Corrupt Practices Act (FCPA) resulting from misconduct related to its sales of medical diagnostic equipment in China. According to the SEC’s order, between 2014 and 2019, employees, distributors, Read More