Foreign Corrupt Practices Act: 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.

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| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into Telefonica's Activities in Unspecified Countries

Information & Summary

Protected Content