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White Collar Journal (May 2019)

Cognizant Technology Solution Corporation (“Cognizant”), headquartered in New Jersey, US agreed to pay the US Securities and Exchange Commission (“SEC”) a disgorgement and prejudgment interest of approximately USD 19 million and a penalty of USD 6 million to settle violations of anti-bribery, books and records, and internal accounting control provisions of the Foreign Corrupt Practices Act of 1977. The SEC settled the charges with an internal administrative order and did not go to court. Cognizant agreed to the settlement without admitting or denying the SEC’s findings.

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