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Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

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Wednesday
Dec272017

Ciena Corporation discloses new FCPA probe

A Maryland-based telecommunications company said in a securities filing Friday that it has launched an internal investigation into potential violations of the Foreign Corrupt Practices Act.

Ciena Corporation said the investigation is to determine if certain payments "to an individual employed by a customer in a country in the ASEAN region" may have violated the FCPA and other laws.

The ASEAN countries are Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, and Brunei.

Ciena, based in Hanover, Maryland, disclosed the new investigation in an SEC filing on December 22. The disclosure was first posted by FCPA Tracker the same day.

Ciena Corporation has about 5,600 employees. Revenues last year were $2.6 billion.

The company said in Friday's disclosure that it "recently . . . voluntarily contacted" the SEC and DOJ to advise them of an internal investigation.

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Richard L. Cassin is the publisher and editor of the FCPA Blog.