Regulatory Enforcement

Gartner to pay $2.5M to settle alleged FCPA violations in South Africa

By 2023-05-30T17:30:00

Gartner

Gartner agreed to pay nearly $2.5 million as part of a settlement with the Securities and Exchange Commission (SEC) addressing alleged violations of the Foreign Corrupt Practices Act (FCPA) in South Africa.

The Connecticut-based technological research and consulting company will pay a $1.6 million civil penalty and disgorgement and prejudgment interest totaling $856,764 for violating the anti-bribery, books and records, and internal accounting controls provisions of the FCPA, according to the SEC’s order published Friday.

Gartner neither admitted nor denied the SEC’s findings.

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