May 09, 2019

Telefônica Brasil S.A.

Foreign Corrupt Practices Act

SANCTION AMOUNT: $4,125,000

Defendants: Telefônica Brasil S.A.

Settlement of charges against a Brazilian telecommunications company, for violating the books and records and the internal accounting controls provisions of the FCPA. In particular, Respondent allegedly made improper gifts around a hospitality program that it hosted for the 2014 World Cup and 2013 Confederations Cup.

Key Docs
Official SEC press release

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