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Company: Siemens
Current Parent Company:
Siemens
Parent at the Time of the Penalty Announcement:
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Penalty: $175,000
Year: 2016
Date: September 22, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: telecommunications violation
Violation Description: Siemens Corporation and Siemens Medical Solutions agreed to pay $175,000 to resolve a Federal Communications Commission investigation into whether the companies failed to disclose corporate felony convictions as required by the Commission's rules. Siemens, Siemens Medical, and some of their subsidiaries hold numerous FCC wireless licenses and were required to disclose prior criminal convictions for violations of the Foreign Corrupt Practices Act and, separately, obstruction of justice on their applications.
Level of Government: federal
Action Type: agency action
Agency: Federal Communications Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.