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Browsing: SICPA
- Swiss authorities say SICPA was “criminally liable” for failing to prevent its staff from bribing foreign officials
- SICPA has been slapped with 91.5 million fine for bribing officials in Brazil, Colombia and Venezuela.
- The Swiss firm has been contracted by the Kenya Revenue Authority to supply tax stamps.
A Swiss firm contracted by Kenya Revenue Authority to supply tax stamps has been fined $91.5 million on graft claims. Security ink company SICPA has been ordered to pay the fine by Swiss Attorney General citing corporate criminal liability.
The Swiss Attorney General identified organisational deficiencies that saw SICPA staff bribe public officials in Brazil, Colombia, and Venezuela.
“Organisational deficiencies were particularly evident in the areas of corporate governance, risk management and compliance,” reads the press release by the Office of the Attorney General of Switzerland (OAG).
Ordered to pay a fine
“With the penalty order issued in accordance with Art. 102 …