SEC and DOJ Reward Ralph Lauren for Self-Reporting FCPA Violations

Summary: A subsidiary of Ralph Lauren Corporation engaged in significant, long-term FCPA violations, but the company’s aggressive response to the problem led to non-prosecution agreements with the Securities and Exchange Commission and Department of Justice. The result the company secured through its approach underscores the government’s commitment to rewarding cooperation and provides another example of the benefits of self-reporting in the FCPA arena.