“Walmart has been working diligently on U.S. Foreign Corrupt Practices Act (FCPA) compliance and has a rigorous process in place to quickly and aggressively manage issues like this when they arise.
“In the last year, we have taken a number of specific, concrete actions to investigate this matter and strengthen our global FCPA compliance processes and procedures around the world and in Bentonville and Mexico.
Read more …
“Updated Walmart Statement in Response to Recent New York Times Article About Compliance with the U.S. Foreign Corrupt Practices Act,” PR Newswire Press Release, Apr 24, 2012
“Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle,” New York Times, Apr 21, 2012
“Wal-Mart Faces Risk in Mexican Bribe Probe,” Wall Street Journal, Apr 23, 2012
“The Corruption Law that Scares the Bejesus Out of Corporate America,” The Atlantic, Apr 25, 2012
“Mexico Facing Cost of Bribe Ethos that Snared Wal-Mart,” Bloomberg Businessweek, Apr 25, 2012