Danish company FLSmidth & Co A/S has issued a press release stating that it has self-reported the outcome of an internal investigation to both OFAC and the Danish Business Authority and will cooperate with the authorities.
The press release states that the internal investigation ” identified information indicating that certain pre-contract tender materials have been provided to persons in the Russian Federation in connection with a limited number of potential projects in Kazakhstan”.
The press release adds that as a result of the internal investigation the company is “in the process of reviewing and enhancing its compliance programme and risk management measures as well as other mitigating action”.