We are currently restructuring our databases, so be advised that the FCPAC database is updated only through July 30, 2025.

Processing your request


please wait...

Investigations Dataset

 

Investigation Name:    Investigation into Telefonica's Activities in Unspecified Countries

Trend:    None

Type of investigation:    Internal, SEC

Other Agencies Investigating/Assisting with SEC Investigation:   

  • Unspecified U.S. Authorities

Whistleblower:    Unknown

Summary

Telefonica S.A. was a Spanish multinational broadband and telecommunications provider with operations in multiple countries. Telefonica Brasil S.A. was a Telefonica subsidiary as well as the largest telecommunications company in Brazil. Telefonica Brasil’s American Depositary Receipts were registered with the SEC and traded on the New York Stock Exchange.

In its 6-K filed July 30, 2015, Telefonica disclosed that it was conducting an internal investigation into possible violations of the FCPA and anti-corruption laws in other countries. According to the filing, the company was in contact with governmental authorities and intended to cooperate. In a 6-K filed on May 17, 2017, Telefonica Brasil began disclosing the investigation.

On May 9, 2019, the SEC issued a cease and desist order against Telefonica Brasil alleging violations of the books & records and internal controls provisions of the FCPA.

The company never confirmed whether the DOJ was conducting a parallel investigation.

Protected Content


Please Log In or Sign Up for a free account to access restricted features of the Clearinghouse website, including the Advanced Search form and the full case pages.

When you sign up, you will have the option to save your search queries performed on the Advanced Search form.