Juniper Networks Inc settles FCPA charge with more than $11.7 million: SEC

The SEC had found Juniper Networks Inc to be non-compliant with provisions of the Foreign Corrupt Practices Act (FCPA).

The U.S. Securities and Exchange Commission stated, it has fined and settled with Juniper Networks Inc, a sum more than $11.7 million in order to resolve charged related to non-compliance of the Foreign Corrupt Practices Act (FCPA).

According to the SEC, the California-based cybersecurity firm had violated internal accounting controls and record-keeping provisions of the FCPA.

According to the terms of the settlement, Juniper Networks Inc, has neither denied or admitted the agency’s claims,; it has however, agreed to “cease and desist from committing or causing any violations” and to pay $4,000,000 in disgorgement, $1,245,018 in prejudgment interest, and a $6,500,000 civil penalty,” said the SEC.

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