Ghana
U.S. Securities and Exchange Commission (FCPA) · SEC FCPA enforcement action resolved: cease-and-desist order (anti-bribery, recordkeeping and internal accounting controls): 1
SEC FCPA enforcement action resolved: cease-and-desist order (anti-bribery, recordkeeping and internal accounting controls)
Authority U.S. Securities and Exchange Commission (FCPA) · From 10 January 2024 · SEC order: from at least December 2014 through January 2022 SAP employed third-party intermediaries and consultants to pay bribes to government officials to obtain business with public sector customers in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia and Azerbaijan, and recorded the bribes as legitimate business expenses · disgorgement of $85 million plus prejudgment interest of more than $13.4 million · press release 2024-4 · Source