When apparel maker Ralph Lauren Corp. first discovered that one of its employees had been bribing custom officials in Argentina, the company immediately notified the U.S. government, offering its employees for interviews and turning over documents. In exchange, Ralph Lauren on April 22 obtained nonprosecution agreements with both the U.S. Justice Department and the U.S. Securities and Exchange Commission. The company agreed to pay about $1.6 million in penalties to resolve claims that it violated the Foreign Corrupt Practices Act (FCPA).
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