{"id":2011871,"date":"2023-08-25T11:25:42","date_gmt":"2023-08-25T15:25:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/3m-settles-us-anti-bribery-law-charges-in-china-unit-sec-says\/"},"modified":"2023-08-25T11:28:22","modified_gmt":"2023-08-25T15:28:22","slug":"3m-settles-us-anti-bribery-law-charges-in-china-unit-sec-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/3m-settles-us-anti-bribery-law-charges-in-china-unit-sec-says\/","title":{"rendered":"3M resolves US anti-bribery charges in China, SEC confirms."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F3m-settles-us-anti-bribery-law-charges-in-china-unit-sec-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2011871&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>3M Co to Pay $6.5 Million Settlement\u200d for Foreign\u2063 Corrupt Practices \u200bAct Violations<\/strong><\/p>\n<p>The Securities and\u200b Exchange Commission (SEC) announced that 3M Co has agreed to pay over $6.5 million to resolve charges of\u200d Foreign\u2064 Corrupt Practices \u200cAct (FCPA) <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-bidens-prosecutor-rejected-legal-actions-that-wouldve-revealed-investigation-during-election\/\" title=\"Hunter Biden\u2019s Prosecutor Rejected Legal Actions That Would\u2019ve Revealed Investigation During Election\">violations related<\/a> to its subsidiary in China.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The \u2063SEC alleged that the subsidiary engaged \u2064in arrangements\u2064 to provide Chinese government\u200c officials\u200b with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fact-check-did-the-international-air-transport-association-ban-sierra-leones-president-from-flights\/\" title=\"FACT CHECK: Did The International Air Transport Association Ban Sierra Leone\u2019s President From Flights?\">overseas travel<\/a>, including tourism activities, in order to influence them to purchase company \u200cproducts.<\/p>\n<p>The\u2064 SEC further stated that employees at the 3M unit colluded with local travel agencies \u200dto organize these trips, \u2063with the subsidiary funding\u200b at least 24 trips for Chinese government officials, which included tourism activities and shopping visits, amounting to nearly $1 million.<\/p>\n<p>3M did not\u2063 admit or deny the SEC&#8217;s findings.<\/p>\n<p>Charles Cain, the chief of \u200bSEC&#8217;s \u2064FCPA unit, emphasized the importance of\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/3m-settles-us-anti-bribery-law-charges-in-china-unit-sec-says\/\" title=\"3M resolves US anti-bribery charges in China, SEC confirms.\">strong internal accounting controls<\/a> \u200bfor companies with global operations.<\/p>\n<p>In 2018, 3M discovered that some employees had circumvented company controls and ethics policy. The company promptly reported the matter to the U.S. government and fully cooperated with\u2063 the investigation.<\/p>\n<p>3M stated, &#8220;We \u200bhave taken appropriate action to address this violation of company \u200cpolicy and have enhanced our <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/georgia-secretary-of-state-investigating-voter-registration-group-run-by-democrat-raphael-warnock\/\" title=\"Georgia Secretary Of State Investigating Voter Registration Group Run By Democrat Raphael Warnock\">internal controls<\/a>\u200c to prevent similar instances in\u2064 the future.&#8221;<\/p>\n<\/p>\n<p>  (Reporting by Susan Heavey\u2064 and Ismail Shakil; Editing by Rami \u2062Ayyub, Caitlin Webber and\u2064 Mike Harrison)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/3m-settles-us-anti-bribery\/attachment\/file-photo-the-3m-global-headquarters-in-maplewood-minnesota\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Latest News<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Trump&#8217;s Viral\u2063 Interview with\u200d Tucker Carlson<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Paws of War: Assisting\u2062 Military Members\u200b and Their Pets<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Donald Trump to Turn Himself In for Georgia 2020 Election Case<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>New Reporting Requirements for Cryptocurrency Brokers<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>India Working on New Electric Vehicle \u200dPolicy<\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>3M Co will pay over $6.5 million to settle U.S. charges of FCPA violations. The SEC claimed that a Chinese subsidiary of 3M arranged overseas travel for Chinese government officials.<\/p>\n","protected":false},"author":66,"featured_media":2011872,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2011871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2011871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2011871"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2011871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2011872"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2011871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2011871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2011871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}