{"id":5723,"date":"2014-12-30T00:00:00","date_gmt":"2014-12-30T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/12\/avon_bruker_corp_face_fcpa_cha"},"modified":"2022-05-06T12:06:39","modified_gmt":"2022-05-06T17:06:39","slug":"avon-bruker-corp-face-fcpa-cha","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/avon-bruker-corp-face-fcpa-cha\/","title":{"rendered":"Avon, Bruker Corp. Face FCPA Charges by the SEC"},"content":{"rendered":"\n<p>The Securities and Exchange Commission is charging Avon Products Inc. with Foreign Corrupt Practices Act violations. The regulator claims that the global beauty products company did not put into place controls that could have allowed it to detect and stop gifts and payments made to Chinese government officials. To settle the SEC charges, as well as a parallel case brought by the U.S. Justice Department, Avon entities have consented to pay $135M. <\/p>\n<p>According to the SEC, Avon\u2019s Chinese subsidiary made $8 million of payments in gifts, money, travel, and entertainment to obtain access to government officials involved in direct selling regulations in China. Avon wanted to be the first to test the regulations and in 2006 it was the first to obtain a direct selling business license in that country. Improper payments were purportedly made by the company to prevent negative news stories and fines that could have affected its image. Such payments allegedly included paid travel within China or to Europe or the US, expensive designer gifts, and corporate box tickets to the China Open. <\/p>\n<p>The improper payments allegedly happened from 2004 to 2008. After discovering the possible FCPA issues at the Chinese subsidiary in 2015 and looking further into the matter, no reforms were made. It wasn\u2019t until 2008 that a full internal probe was conducted and only after a whistleblower sent Avon\u2019s CEO a letter.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/avon-bruker-corp-face-fcpa-cha\/\"  title=\"Continue Reading Avon, Bruker Corp. Face FCPA Charges by the SEC\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission is charging Avon Products Inc. with Foreign Corrupt Practices Act violations. The regulator claims that the global beauty products company did not put into place controls that could have allowed it to detect and stop gifts and payments made to Chinese government officials. To settle the SEC charges, as well [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3761],"tags":[3487],"class_list":["post-5723","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-and-exchange-commis","tag-foreign-corrupt-practices-act"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Avon, Bruker Corp. Face FCPA Charges by the SEC &#8212; Investor Lawyers Blog &#8212; December 30, 2014<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission is charging Avon Products Inc. with Foreign Corrupt Practices Act violations. The regulator claims that the global &#8212; December 30, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/avon-bruker-corp-face-fcpa-cha\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Avon, Bruker Corp. Face FCPA Charges by the SEC &#8212; Investor Lawyers Blog &#8212; December 30, 2014\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission is charging Avon Products Inc. with Foreign Corrupt Practices Act violations. The regulator claims that the global &#8212; December 30, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Avon, Bruker Corp. Face FCPA Charges by the SEC &#8212; Investor Lawyers Blog &#8212; December 30, 2014","description":"The Securities and Exchange Commission is charging Avon Products Inc. with Foreign Corrupt Practices Act violations. 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The regulator claims that the global &#8212; December 30, 2014","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/avon-bruker-corp-face-fcpa-cha\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/avon-bruker-corp-face-fcpa-cha\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Avon, Bruker Corp. 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