The Ralph Lauren Corp. will pay the feds an $882,000 penalty for violating the U.S. Foreign Corrupt Practices Act by bribing customs officials in Argentina.
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The Brooklyn U.S. attorney's office said officials of the famed clothing company greased government palms in the South American country from 2004 to 2009 so its high-end merchandise could clear customs without delay and often avoided inspections altogether.
Under the non-prosecution agreement, the company pledges to “address any deficiencies in its internal controls, compliance code, policies, and procedures” relating to anti-corruption laws, court papers state.