Violation Tracker Individual Record
Date:March 23, 2016
Offense Group:competition-related offenses
Primary Offense:Foreign Corrupt Practices Act
The Securities and Exchange Commission announced that Novartis AG agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act when its China-based subsidiaries engaged in pay-to-prescribe schemes to increase sales.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:Switzerland
Ownership Structure of Parent:publicly traded
Major Industry of Parent:pharmaceuticals
Specific Industry of Parent:pharmaceuticals
Source of Data:
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