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FCPA Scorecard Blog

Foreign Corrupt Practices Act & Anti-Corruption

Allianz Settles SEC Administrative Proceeding for $12.3 Million

Indonesia Allianz

On December 17, 2012, German insurance and asset management company Allianz SE settled an administrative proceeding brought by the SEC for more than $12.3 million.  The SEC alleged that Allianz violated the internal controls and books and records provisions of the FCPA in connection with improper payments to government officials by its Indonesian subsidiary over a seven-year period.