DOJ and SEC Decline FCPA Action Against Cisco

DOJ SEC FCPA Enforcement Action Russia Cisco

On September 8, Cisco Systems Inc. disclosed in its annual statement that following an investigation into its operations in Russia and certain of the Commonwealth of Independent States, the DOJ and SEC have both declined to bring enforcement actions under the FCPA.  An announcement of possible violations was first disclosed in the December 2013 blog post by Roxane Marenberg, Vice President and Deputy General Counsel in Cisco’s Global Compliance Enablement division. In the post, Marenberg stated that the company was conducting an investigation into alleged FCPA violations at the request of the SEC and DOJ in response to a communication those agencies had received concerning the  company’s operations and discounting practices. Cisco’s disclosures did not provide any further detail about the nature of the business activities being investigated.