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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Walmart reserves $283 million for FCPA settlement

Wal-Mart Stores, Inc. said in an SEC filing Thursday that it has set aside $283 million for a possible FCPA resolution with the DOJ and SEC.

Walmart said ongoing settlement talks with the agencies have “progressed to a point where” it can “now reasonably estimate a probable loss,” according to the SEC filing first posted Thursday by FCPA Tracker.

The company initially disclosed the FCPA investigation in December 2011. 

In 2012, the New York Times alleged that in Mexico Walmart paid $24 million in bribes to public officials. The bribes allegedly help Walmart win approvals to open more stores.

The FCPA investigation has involved allegations of potential FCPA violations in Mexico, Brazil, China, and India, among others, Walmart said earlier.

Walmart, based in Bentonville, Arkansas, has spent more than $700 million investigating potential FCPA offenses and enhancing its anti-bribery compliance program.

The company said Thursday it expects third party FCPA- and compliance-related expenses this year to range between $50 million and $60 million.

That amount doesn’t include the $283 million accrual for the possible settlement.

Walmart said discussions with the DOJ and SEC are continuing. But it doesn’t know if there will be a final resolution or when it might happen. 


Richard L. Cassin is the publisher and editor of the FCPA Blog. 

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