SEC Charges Germany-Based Allianz SE with FCPA Violations

The Securities and Exchange Commission today charged Germany-based insurance and asset management company Allianz SE with violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA) for improper payments to government officials in Indonesia during a seven-year period. More on menafn.com. Allianz (ALV:Xetra)(ALV:GR)(AZSEY) is a Global Compact participant since 2002/07/02. Allianz was a Gold Contributor (USD 10,000) to the Foundation for the Global Compact in 2012, 2011 and 2010.