Philips to pay SEC $62m for corrupt China sales

Sarah JollyMay 15, 2023
Philips company logo sign. Philips is a Dutch technology company headquartered in Amsterdam with focused in the areas of electronics, health care and lighting. Copenhagen, Denmark, August 22, 2017.
Credit: Shutterstock/oleschwander

Philips has been ordered to pay $62m to resolve charges brought by the US Securities and Exchange Commission (SEC) that the Dutch medical supplier breached the Foreign Corrupt Practices Act (FCPA) in sales of medical diagnost...

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Sarah JollyMay 15, 2023
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