WSJ reports on increased FCPA activity by SEC and DOJ
By Joseph Palazzolo
Wall Street Journal
Deere & Co., the world’s largest manufacturer of farm equipment, is under investigation by the Securities and Exchange Commission for possible violations of the foreign bribery law, according to two people familiar with the matter.
The company received an inquiry from regulators last month regarding payments made in Russia and nearby countries, one person said. The probe is looking at whether the payments fell afoul of the Foreign Corrupt Practices Act, a 1977 law that bars companies from paying bribes to foreign officials.