December 17, 2014
Avon Products, Inc.
Foreign Corrupt Practices Act
SANCTION AMOUNT: $67,365,013
Defendants: Avon Products, Inc.
Settlement of charge that company failed to put controls in place that could have detected and prevented unlawful payments made to the Chinese government through a subsidiary. A total of $8 million in cash, gifts, travel, and entertainment was paid for special access with regard to new direct selling regulations in China, and to be the first to receive a direct selling license, and, subsequently, to keep it.
- Key Docs
- Official SEC press release