FLIR Systems settles SEC charges

April 9, 2015 6:40 PM

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FLIR Systems settles SEC charges

The U.S. Securities and Exchange Commission said FLIR Systems had earned more than $7 million in profits from sales that were influenced by improper travel and gifts to Saudi Arabian government officials.

"FLIR's deficient financial controls failed to identify and stop the activities of employees who served as de facto travel agents for influential foreign officials to travel around the world on the company's dime," said Kara Brockmeyer, chief of the SEC Enforcement Division's FCPA Unit.

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