July 31, 2018
The SEC issued a consensual cease-and-desist order against Beam Inc. n/k/a Beam Suntory Inc. regarding improper payments from its subsidiary, Beam Global Spirits & Wine (India), to government officials in India. The order directed disgorgement, interest, and a civil penalty totaling more than US$ 8 million.
Credit Suisse Group AG entered into a non-prosecution agreement with the DOJ and consented to entry of a cease-and-desist order by the SEC to resolve charges involving irregular hiring practices by its wholly-owned subsidiary Credit Suisse (Hong Kong) Limited. In total, Credit Suisse agreed to pay US$ 76.8 million in disgorgement, penalties, and interest.
Visit the TRACE Compendium to view the complete entries, along with other updates from this month.