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Business/Financial

FLIR Settles FCPA Violations With SEC For $10 Million

By Cal Biesecker

Thursday, April 9th, 2015

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FLIR Settles FCPA Violations With SEC For $10 Million

FLIR Systems is a developer and provider of thermal imaging cameras and other sensors. High resolution, cooled thermal security cameras shown here. Photo: FLIR

FLIR Systems, Inc. [FLIR] and the Securities and Exchange Commission (SEC) on Wednesday said the company has reached a nearly $10 million settlement agency to resolve previously disclosed violations of the Foreign Corrupt Practices Act (FCPA) committed by two employees of the company dating back to 2008.The $9.5 million settlement includes $7.5 million in profit disgorgement, a $1 million civil penalty, and $970,584 in prejudgment interest. The company previously took a reserve for the settlement in its fourth quarter 2014…

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