The 2023 resolution involving Stericycle Incorporated stemmed from allegations of violations of the Foreign Corrupt Practices Act (FCPA). These violations reportedly involved bribery schemes in multiple countries, where company subsidiaries were accused of making improper payments to government officials to secure and retain business. These actions led to scrutiny and subsequent legal ramifications.
The implications of this case extend beyond financial penalties. Reputational damage, enhanced compliance oversight, and potential civil litigation are among the significant consequences that can arise from such FCPA violations. Historically, FCPA enforcement has been a priority for the U.S. Department of Justice and the Securities and Exchange Commission, underscoring the importance of rigorous anti-corruption compliance programs for multinational corporations.
