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SEC Charges Security Provider with FCPA Violations in China, Indonesia and Russia

The SEC has charged Diebold Inc., a global provider of ATMs and bank security systems, with violating the Foreign Corrupt Practices Act ("FCPA") by providing foreign officials with international leisure trips, entertainment, and other improper gifts to obtain and retain lucrative business with government-owned banks in China and Indonesia. The SEC Order charges Diebold with violating Exchange Act Sections 30A ("Prohibited Foreign Trade Practices by Issuers"), Section 13(b)(2)(A) ("Periodical Reports") and 13(b)(2)(B).

See: SEC Order; SEC Press Release.

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