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Includes payments in connection with Foreign Corrupt Practices Act investigations.
December 23, 2014
By: Christine Esposito
Editor-in-Chief
Avon Products, Inc. has entered into agreements with the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) related to the previously disclosed Foreign Corrupt Practices Act (FCPA) investigations. The agreements include aggregate payments of $135 million to the two U.S. government agencies, with $68 million in fines payable to the DOJ and $67 million in disgorgement and prejudgment interest payable to the SEC, in connection with charges that the company violated t...
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