Compendium Roundup: March 2019

Compendium Roundup: March 2019

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March 29, 2019

This month, Russian telecommunications company Mobile Telesystems PJSC (“MTS”) resolved SEC and DOJ FCPA enforcement actions stemming from violations of the anti-bribery, books and records, and internal accounting controls provisions of the FCPA.  From 2004 to 2012, MTS and its wholly-owned Uzbek subsidiary, KOLORIT DIZAYN INK LLC, allegedly paid at least US$420 million in bribes to a government official in Uzbekistan to enable MTS to obtain and retain business within the Uzbek telecommunications market. MTS will pay a total of US$850 million in penalties and must engage an independent compliance monitor for at least 3 years.

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

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


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