SEC and FCPA accounting liability examples cite bribes to Iraqi and Indonesian officials and large multinational payments

Summary

SEC and FCPA accounting liability examples cite bribes to Iraqi and Indonesian officials and large multinational payments The passage outlines statutory provisions and past enforcement actions that illustrate how senior executives can be held liable for falsifying books and records to conceal bribes. It mentions specific cases (a U.S. CEO, a French company, a German firm, and a U.S. bank MD) and sizable payment totals, offering concrete leads on corporate misconduct and foreign official payments, but it does not name current actors or new transactions. Key insights: Rule 13b2-2 and Rule 13a-14 create civil liability for false statements to auditors and false SOX certifications.; SEC charged a former CEO in 2011 for bribes to Iraqi officials under the UN Oil‑For‑Food program, using false invoices and sham consulting contracts.; A French company entered a deferred prosecution agreement admitting to internal‑control failures and bribery payments.