Walmart Announces It's Probing Itself Overseas In Bribery Investigation

We’ve got to at least give Walmart credit for being unafraid to admit they’re getting frisky with themselves. More specifically, they announced in a securities filing that they’ve launched an internal probe into whether employees were bribing foreign officials overseas.

There’s a U.S. law that forbids American companies from paying people off in other countries, and Walmart’s SEC filing reveals they’ve started a “voluntary review of its policies, procedures and internal controls pertaining to its global anti-corruption compliance program,” says Reuters.

“The company has begun an internal investigation into whether certain matters, including permitting, licensing and inspections, were in compliance with the U.S. Foreign Corrupt Practices Act,” the world’s largest retailer said in the filing.

No other details about the internal probe were included, though Walmart did say they don’t think there will be any adverse impact from any potential fallout that could occur. You know, when they’re done probing themselves.

Wal-Mart says began internal probe on its activities overseas [Reuters]