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SEC charges Clear Channel Outdoor with FCPA violations

Suits walk by the more causally dressed on the streets of Manhattan.
Photo: Jeff Hutchens/Getty Images

Julie DiMauro

4 min read
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Outdoor advertising company resolves US probe into bribes allegedly paid in China, plus chemical company settles over multiple FCPA violations.

The SEC announced on Thursday that Clear Channel Outdoor Holdings Inc agreed to pay more than $26m to resolve charges that it bribed Chinese government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act (FCPA).

The business has its headquarters in San Antonio, TX, and

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