"This constitutes tax evasion, illegal transfer of money abroad and a violation of foreign exchange regulations".
Protections for endangered plants were extended to cover trees logged in violation of foreign law; and importers of wood were required to declare the species and country of harvest for all commercially traded timber, sawed lumber and finished wood products.
Mr. Bengis pleaded not guilty to the charges, which included conspiracy to commit smuggling and to violate a federal law that makes it a crime to import wildlife taken in violation of foreign law.
Reuters reports that the Fish and Wildlife Service is looking into whether Palmer violated the Lacey Act, which, among other things, makes it a federal crime to trade in wildlife killed in violation of foreign law. .
At a session with analysts later on Friday, executives fielded several questions about the company's internal investigation into possible violations of the Foreign Corrupt Practices Act, which prohibits bribing foreign officials.
The company became the subject of a probe over potential violations of the Foreign Corrupt Practices Act, a U.S. law that forbids bribing foreign officials, earlier this year after a New York Times story alleged that its Mexican unit used a campaign of bribery to grab market dominance.
The S.E.C. examined their business practices from 1994 to 2009 for possible violations of the Foreign Corrupt Practices Act, which bars publicly traded companies from bribing foreign officials to obtain or retain business.
When announced, the JPMorgan case would represent one of the first major crackdowns on a big bank for violations of the Foreign Corrupt Practices Act, which prohibits giving "anything of value" to a foreign official to obtain business with a government entity.
The company reported that the audit committee of the Wal-Mart Stores board was examining possible violations of the Foreign Corrupt Practices Act and "other alleged crimes or misconduct in connection with foreign subsidiaries, including Wal-Mart de México".
The case involves violations of the Foreign Corrupt Practices Act by International Business Machines from 1999 to 2008 for payments made to foreign government officials.
