Search

Home > Compliance Corner > Dyncorp Reports Payments, Removes Compliance Officer
Podcast: Compliance Corner
Episode:

Dyncorp Reports Payments, Removes Compliance Officer
Category: Business
Duration: 00:04:34
Publish Date: 2009-11-29 18:43:40
Description: Virginia-based DynCorp International said payments by its subcontractors to speed up visas and permits may have caused the company to violate the Foreign Corrupt Practices Act. In its November 12, 2009 quarterly report (Form 10-Q), it said it found about $300,000 in payments by subcontractors to "expedite the issuance of a limited number of visas and licenses from foreign government agencies." The company didn't include any details about the project involved or the subcontractors referred to in the disclosure. It said it had self-reported the payments to the Justice Department and Securities and Exchange Commission a week earlier and hired outside counsel to conduct an investigation. . . . Read the entire post on The FCPA Blog  www.fcpablog.com
Total Play: 0