Medical waste disposal provider Stericycle has resolved anti-corruption investigations involving its legacy Latin American business.
The Illinois-based company came to a settlement with the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC), as well as Brazilian authorities – both the Comptroller General’s Office (CGU) and the Attorney General’s Office (AGU) on alleged anti-corruption activities that prompted an investigation in 2017.
President and CEO Cindy J. Miller commented: “resolving this legacy matter represents another important milestone in Stericycle’s business transformation journey. Over the past several years, we have focused on fully remediating the issues identified during the investigation. This includes instituting new policies, procedures and internal controls and building a culture of compliance, integrity and accountability that aligns with our core values across our entire global operation.
The investigations dove into conduct on the part of employees in Argentina, Brazil and Mexico. Stericycle stated that it has completed sales of its operations in Argentina and Mexico. It remains active in Brazil.
But, when all said and done it’s a mucky old business, isn’t it?