Supply Chain Council of European Union | Scceu.org
Procurement

Boeing to pay more than $2.5B fines in conspiracy case

As part of the DPA, Boeing has agreed, among other things, to continue to cooperate with the Fraud Section in any ongoing or future investigations and prosecutions. As part of its cooperation, Boeing is required to report any evidence or allegation of a violation of U.S. fraud laws committed by Boeing’s employees or agents upon any domestic or foreign government agency (including the FAA), regulator, or any of Boeing’s airline customers. In addition, Boeing has agreed to strengthen its compliance program and to enhanced compliance program reporting requirements, which require Boeing to meet with the Fraud Section at least quarterly and to submit yearly reports to the Fraud Section regarding the status of its remediation efforts, the results of its testing of its compliance program, and its proposals to ensure that its compliance program is reasonably designed, implemented, and enforced so that it is effective at deterring and detecting violations of U.S. fraud laws in connection with interactions with any domestic or foreign government agency (including the FAA), regulator, or any of its airline customers.

Related posts

Diane Marie Russo, 1964-2020 | News, Sports, Jobs

scceu

Summit Materials Inc (SUM) Q3 2020 Earnings Call Transcript

scceu

PRIDE Industries Promotes Paula Petersen to Vice President of Procurement

scceu

Leave a Comment