Wednesday, December 8, 2004
InVision Technologies, Inc. (a recent acquisition of GE) and the government reached an agreement, with the company paying $800,000 in penalties and providing cooperation in "parallel investigations" with the DOJ and SEC.
The company which specializes in homeland security equipment agreed not only to pay this penalty, but according to a DOJ news release, also to "[f]ully and affirmatively disclose to the Department and the SEC activities that InVision believes may violate the FCPA (Foreign Corrupt Practices Act), and continue to cooperate with the Department and the SEC in their investigations." Both InVision and GE signed agreements including GE agreeing to "integrate the InVision business in GE's FCPA compliance program."
It seems that the FCPA is in the news a good bit lately (Check out this blog's entries of November 3, 8, and 16).