Moog Inc., a company based in New York that specializes in aerospace manufacturing, has agreed to pay a settlement of nearly $1.7 million. This settlement is in response to allegations of violating the Foreign Corrupt Practices Act (FCPA) through its Indian subsidiary, Moog Motion Controls Private.

The Securities and Exchange Commission (SEC) has reported that the company's poor internal controls and a culture that prioritized winning business at any cost led to employees engaging in bribery to secure contracts in India between 2020 and 2022. This enforcement action is part of a larger trend in FCPA enforcement, with both the SEC and the Department of Justice (DOJ) actively pursuing violations. These agencies have expressed a willingness to reduce penalties or decline prosecution for companies that voluntarily report their violations, indicating a significant shift in enforcement strategy.