Credit: josefkubes/Shutterstock Oracle's $23M FCPA Settlement Highlights 'Critical Need' for Strong Compliance Policies, SEC Says
"This matter highlights the critical need for effective internal accounting controls throughout the entirety of a company's operations," noted Charles Cain, chief of the SEC's Foreign Corrupt Practices Act Unit.
September 27, 2022 at 01:26 PM
3 minute read
Oracle Corp. has agreed to strengthen its global compliance, risk and control practices and pay more than $23 million to settle a foreign bribery case with the U.S. Securities and Exchange Commission.
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