The proceedings identified the organisational deficiencies that made it possible for employees of SICPA to bribe public officials in the conduct of business in Brazil, Colombia, and Venezuela. A statement from the Communications Service of the OAG read in part: “With the penalty order issued in accordance with Art. 322septies SCC, SICPA SA (SICPA) has acknowledged that it failed to take all necessary and reasonable organisational precautions to prevent bribes to foreign public officials. The OAG has accordingly ordered the company to pay a fine of CHF 1 million ($1.1 million) and imposed an equivalent claim for compensation amounting to CHF 80 million ($89 million) under Art. “In the penalty order, the OAG finds the former sales manager of SICPA, who took advantage of the deficiencies, guilty of bribery of foreign public officials under Art.

Source: The North Africa Journal May 13, 2023 16:58 UTC