Takeaways From Diebold's FCPA Settlements

Law360, New York (November 4, 2013, 12:56 PM EST) -- Diebold Inc. agreed to pay $48 million and retain a compliance monitor for at least 18 months in order to settle alleged violations of the Foreign Corrupt Practices Act resulting from purported bribes paid in China, Indonesia and Russia.


China and Indonesia

As part of its global operations, Diebold, an Ohio-based publicly traded company, sold automated teller machines and provided related services to banks in China and Indonesia. According to the U.S. Securities and Exchange Commission complaint, from 2005 to 2010, Diebold, through a Chinese subsidiary, furnished Chinese employees of government-owned banks with international leisure trips to various locations around...

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