Panalpina, Inc.

Why it is here

U.S. Securities and Exchange Commission (FCPA) — SEC settled action (FCPA) (SEC settled FCPA charges: injunction and disgorgement of $11,329,369 · U.S. subsidiary of Panalpina World Transport (Holding) Ltd.; bribes to customs officials in Nigeria, Angola, Brazil, Russia and Kazakhstan 2002–2007 on behalf of its customers, invoiced as «local processing», «special intervention» or «special handling» fees), from 4 November 2010.

Enforcement action of the U.S. Securities and Exchange Commission under the Foreign Corrupt Practices Act, resolved against the company.

Details

Company

Panalpina, Inc.

Authority

U.S. Securities and Exchange Commission (FCPA)

Decision

SEC settled action (FCPA)

Grounds and details, as published

SEC settled FCPA charges: injunction and disgorgement of $11,329,369 · U.S. subsidiary of Panalpina World Transport (Holding) Ltd.; bribes to customs officials in Nigeria, Angola, Brazil, Russia and Kazakhstan 2002–2007 on behalf of its customers, invoiced as «local processing», «special intervention» or «special handling» fees

From

4 November 2010

Until

—

Status

End date not published

Source

https://www.sec.gov/newsroom/press-releases/2010-214-sec-charges-seven-oil-services-freight-forwarding-companies-widespread-bribery-customs-officials

Licence

Public domain (U.S. Government work)