Allianz SE to pay $12.4 mln to resolve U.S. SEC bribery charges

WASHINGTON Mon Dec 17, 2012 12:11pm EST

WASHINGTON Dec 17 (Reuters) - German insurer Allianz SE has agreed to pay $12.4 million to resolve charges it violated a U.S. foreign bribery law, the U.S. Securities and Exchange Commission said on Monday.

The SEC said Allianz violated the Foreign Corrupt Practices Act with improper records of payments to government officials in Indonesia during a seven-year period.

Allianz neither admitted nor denied the findings, the SEC said.