Toyota Discloses Potential FCPA Violations
Toyota may have violated U.S. anti-bribery laws, the carmaker said in a March 18 Securities and Exchange Commission filing. The company said it disclosed the potential violations, which involved its subsidiary in Thailand, to the SEC and the Justice Department…
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in April 2020. Toyota is cooperating with both agencies -- which enforce the Foreign Corrupt Practices Act -- and said it may be subject to penalties but “cannot predict the scope, duration or outcome of the matter at this time.” A company spokesperson declined to comment.