Year's First FCPA Enforcement Action Flies Under the Radar

The FCPA Blog
In this article, Marc Bohn discusses the recent FCPA enforcement action taken against Keyuan Petrochemicals. This marks the first enforcement action of 2013, as well as what is thought to be the first FCPA-related enforcement action taken against a China-based company. The Keyuan settlement with the SEC did not explicitly reference the FCPA by name, possibly because the thrust of the allegations relate to a form of insider trading, not the company's alleged accounting violations related to improper payments to Chinese officials.
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