NCR Corp. to step up compliance following FCPA settlement

A shareholder whistleblower accused the company of FCPA and U.S. sanctions violations in 2012

Call this the ultimate additional fee: automated teller machine (ATM) maker NCR Corp. will need to develop a process for tracking company gifts and bolster its China-specific compliance efforts by the terms of a settlement the company reached with a shareholder the week of Jan. 20.

In 2012, shareholder turned whistleblower Sharon Williams accused the company’s board members and executives of Foreign Corrupt Practices Act (FCPA) and U.S. sanctions violations. Williams alleged that company officials willfully violated U.S. sanctions in Syria while improperly bribing government officials in China and the Middle East.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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