Cisco has said it will face no enforcement action following a federal bribery investigation involving its business in Russia and nearby countries.
The network giant said in a Thursday regulatory filing that the U.S. Securities and Exchange Commission and the U.S. Department of Justice would not “bring enforcement actions” against it for possible violations of the U.S. Foreign Corrupt Practices Act.
In 2013, Roxane Marenberg, Cisco’s vice president of compliance systems and employee relations, said in a blog post that the SEC and DOJ wanted Cisco to internally investigate its “business activities and discounting practices” in Russia and the Commonwealth of Independent States. The Commonwealth of Independent States includes countries like Kazakhstan, Belarus, and Armenia.
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Cisco followed in up with more details in a 2014 filing that said its alleged business activities in the region had possibly violated anti-bribery laws.
In its latest filing, the company said that it had concluded its investigation, which apparently satisfied the SEC and DOJ.
Here’s Cisco’s full statement from the filing:
At the request of the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Justice, we have conducted an investigation into allegations which we and those agencies received regarding possible violations of the U.S. Foreign Corrupt Practices Act involving business activities of our operations in Russia and certain of the Commonwealth of Independent States, and by certain resellers of our products in those countries. We take any such allegations very seriously and we have fully cooperated with and shared the results of our investigation with the SEC and the Department of Justice. Based on the investigation results, both the SEC and the Department of Justice have recently informed us that they have decided not to bring enforcement actions.
The SEC declined to comment to Fortune. Fortune contacted the DOJ and will update this post if it responds.
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The FCPA blog first spotted the news on Friday.
Update: DOJ declined to comment.
