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Violation Tracker Individual Record

Company: The Titan Corporation
Current Parent CompanyL3Harris Technologies
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Penalty: $15,500,000
Year: 2005
Date: March 1, 2005
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Violation Description: The Titan Corporation, a San Diego, Calif. based military intelligence and communications company, agreed to pay $15.5 million to settle SEC allegations of violating the anti-bribery, internal controls and books and records provisions of the Foreign Corrupt Practices Act (FCPA) by funneling approximately $2 million, via its agent in Benin, towards the election campaign of Benin's then-incumbent President.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Florida
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: aerospace and military contracting
Specific Industry of Current Parent: aerospace & military contracting
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.