The corruption cases databases are a product of the staff of the International Bank for Reconstruction and Development / The World Bank. It is intended for general information purposes only. The findings, interpretations, and conclusions expressed in the Database do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Neither the World Bank Group nor its officers or employees shall be liable for any losses that may result directly or indirectly from the use of or reliance upon such information.
Securities and Exchange Commission
Cease and Desist Order
Disgorgement of Profits, Prejudgment Interest, civil Penalty
Bribery of Foreign Officials; Falsification of Books and Records; Internal Controls Violations
No admission or denial of alleged offenses
According to the US Securities and Exchange Commission, FLIR Systems, Inc. is an Oregon-based corporation founded in 1978 which develops infrared technology for use in thermal imaging and other sensing products and systems, night vision, and camera systems for government and commercial customers.
"According to the SEC’s order instituting a settled administrative proceeding against FLIR, the company had few internal controls over gifts and travel out of its foreign sales offices. Two employees in its Dubai office provided expensive watches to government officials with the Saudi Arabia Ministry of Interior in 2009, and they arranged for the company to pay for a 20-night excursion by Saudi officials that included stops in Casablanca, Paris, Dubai, Beirut, and New York City. The value of the gifts and the extent and nature of the travel were falsely recorded in FLIR’s books and records as legitimate business expenses, and the company’s internal controls failed to catch the improper payments despite documentation suggesting that extravagant gifts and travel were being provided.
The SEC’s order finds that from 2008 to 2010, FLIR paid approximately $40,000 for additional travel by Saudi government officials, including multiple New Year’s Eve trips to Dubai with airfare, hotel, and expensive dinners and drinks. FLIR also accepted cursory invoices from a FLIR company partner without any supporting documentation to pay extended travel of Egyptian officials in mid-2011." (Source: US SEC Press Release, "SEC Charges Oregon-Based Defense Contractor With FCPA Violations," April 8, 2015.)
US Securities and Exchange Commission Administrative Proceeding File No, 3-16478, In the Matter of Flir Systems Inc., April 8, 2015, at https://www.sec.gov/litigation/admin/2015/34-74673.pdf; SEC Press Release, "SEC Charges Oregon-Based Defense Contractor With FCPA Violations," April 8, 2015, at https://www.sec.gov/news/pressrelease/2015-62.html
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