On November 14, 2019, Avianca Holdings S.A., an airline holding company based in Panama, disclosed that it continues to investigate potential Foreign Corrupt Practices Act violations initially disclosed in August 2019. In its November 2019 filing, Avianca stated that it had discovered that some company employees, possibly including members of senior management and members of the board of directors, provided things of value to government officials in various countries. Avianca stated that it believed the things of value were limited to free and discounted airline tickets and airline ticket upgrades. Avianca stated that it had voluntarily disclosed its investigation to the US Department of Justice, the US Securities and Exchange Commission, and the Colombian Financial Superintendence in August 2019. The company stated that it is cooperating with the DOJ and SEC investigations.
November 18, 2019
Latin American airline company discloses government investigation
Related by Topic
New Post
DOJ Announces White Collar Enforcement Priorities and Policy Revisions
May 15, 2025
Insight
The EU’s Omnibus Package introduces substantial changes to EU sustainability legislation including the CSRD and CSDDD
May 6, 2025
Insight
Bombardier reports that DOJ closed two FCPA investigations
May 6, 2025
News Alert