Some Foreign Corrupt Practices Act enforcement actions are accompanied by DOJ press releases and much fanfare and some are not.
In the later category, earlier this week this letter was quietly posted to the DOJ’s FCPA website indicating that Safran S.A. (a French company) resolved a $17.2 “declination with disgorgement” enforcement action.
According to the DOJ letter, bribery was “committed by employees and agents of the Company’s U.S. subsidiary Monogram Systems (Monogram) and its German subsidiary EVAC GmbH (EVAC).”
