"A Pakistani police department received a cache of guns from U.S. gun manufacturer Smith & Wesson in return for a deal to sell hundreds of pistols to cops in the South Asian country, one of numerous attempts to bribe officials in developing economies, U.S. regulatory officials said on Monday. The U.S. Foreign Corrupt Practices Act, or FCPA, prohibits companies from bribing officials to make sales even if it is common practice to do so in some countries.... The company said in its latest financial earnings report last month it was the subject of a U.S. Department of Justice investigation into FCPA violations as far back as 2010, the same year the SEC informed the company it was being investigated for “any violations of the federal securities law.” “We are cooperating fully with the SEC in this matter and have undertaken a comprehensive review of company policies and procedures,” the company said in the filing."
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Smith & Wesson
Smith & Wesson (S&W) is an American manufacturer of firearms, ammunition and restraints. The corporate headquarters are in Springfield. Smith & Wesson was founded in 1852 and is now a unit of American Outdoor Brands Corporation.
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