- InVision Technologies
InVision Technologies, Inc. was a
publicly traded company based inNewark, California , that manufactured and soldairport security screening devices to detectexplosive s in passenger baggage. One of its most well-known products is the CTX explosive-detection device.FCPA case
The company was notable, in part, because its case was the first time the
US Department of Justice had resolved anFCPA case through anon-prosecution agreement .The charges were based upon conduct of the company's third party distributors (but not the company itself), while InVision's staff failed to timely investigate certain "red flag" emails copied to their addresses. The company voluntarily disclosed its findings resulting from internal investigations related to the issues which arose during the preparation for the acquisition of InVision by
General Electric Company .The NPA, concluded in December 2004, required from the company, in part, a $800,000 penalty and a requirement to improve the enforcement of FCPA compliance.
References
* [http://www.sec.gov/litigation/litreleases/lr19078.htm SEC info about settlement]
External links
* [http://www.invision-tech.com/company/history.htm Company history]
* [http://www.gesecurity.com/portal/site/GESecurity/menuitem.97a43f00c414751e5efa421766030730?selectedID=12036&seriesyn=true&t=sol&type=Solution GE Security - Aviation]
Wikimedia Foundation. 2010.
