NCR Corp. said the U.S. Securities and Exchange Commission doesn't intend to recommend enforcement action against the company over 2012 allegations of foreign business violations.
SEC staff notified the company of the agency's decision on June 22, Duluth, Ga.-based NCR said in July 31 filing.
The company received anonymous allegations from a purported whistle blower in August 2012, including that it violated trade embargos against Syria, according to the filing. NCR employees in China and the Middle East also may have violated a U.S. anti- bribery law by allegedly giving gifts to officials in Oman and taking them on international trips, the Wall Street Journal reported at the time.
NCR responded to subpoenas from the SEC and requests for documentation from the Justice Department over the allegations, according to the filing. NCR is still complying with the DOJ's most recent requests for documents made in 2014. The company reported in prior filings that litigation and demands by an individual shareholder that it investigate the allegations have been resolved.
NCR voluntarily notified the Treasury Department's Office of Foreign Assets Control of potential violations in Syria and received licenses to wind down past operations there, according to the filing.
NCR fell 0.8 percent to $27.28 at 3:16 p.m. in New York. The shares had dropped 5.6 percent this year through Monday.
