Compendium Roundup: February 2019

Compendium Roundup: February 2019

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February 28, 2019

This month, Cognizant Technology Solutions Corporation (“Cognizant”) reached a US$25 million settlement with the SEC via a consensual cease-and-desist order to resolve violations of the anti-bribery, books and records, and internal accounting controls provisions of the FCPA. The violations stem from a 2014–2016 bribery scheme in which Cognizant executives in the United States and India authorized third parties to pay approximately US$3.6 million in bribes on Cognizant’s behalf to Indian government officials.

The DOJ declined prosecution of Cognizant, but Cognizant will disgorge US$19.4 million to the DOJ, to be offset by Cognizant’s US$16.4 million disgorgement to the SEC.

Visit the TRACE Compendium to view the complete entries, along with other updates from this month.

Compendium Roundup: March 2019
Compendium Roundup: January 2019
Lia Walton Compendium Roundup: February 2019

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