Tag Archives: Sands

Sands hit with $7 million DOJ ‘Asian compliance misconduct’ fine

SBC News Sands hit with $7 million DOJ 'Asian compliance misconduct' fine

US casino operator Las Vegas Sands Corp (Sands) has confirmed that it will pay a $6.96 million penalty in order to resolve its ‘Foreign Corrupt Practices Act’ (FCPA) dispute in connection with business transactions carried out in China and Macao. The penalty charge imposed on Sands relates to the company failing to implement appropriate ‘internal accounting controls’ ensuring the legitimacy …

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