FCPA Scorecard Blog
Foreign Corrupt Practices Act & Anti-Corruption
Allianz Settles SEC Administrative Proceeding for $12.3 Million
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.