NCR Corp. said last week it was “informed by the staff of the Securities and Exchange Commission that it does not intend to recommend an enforcement action.”
The SEC’s decision came after a three-year investigation of the company’s compliance with the Foreign Corrupt Practices Act.
In 2012, Atlanta-based NCR received anonymous allegations from a whistleblower about business practices in China, the Middle East, and Africa.
The company makes ATM machines and self service kiosks for the retail, hospitality, travel, gaming, and entertainment industries.
NCR said in an earlier disclosure that it made a presentation in 2012 to the SEC and the DOJ, “providing the facts known . . . related to the whistleblower’s FCPA allegations, and advising the government that many of these allegations were unsubstantiated.”
The SEC sent subpoenas to NCR and the DOJ asked for documents and information related to the FCPA, including the whistleblower’s FCPA allegations.
In its earnings release (pdf) last week, NCR didn’t mention the DOJ’s investigation.
Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.