Alliance completes monitoring obligation

Alliance One International says that it has fulfilled its obligations under separate settlement agreements with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).

On Aug. 6, 2010, Alliance entered into agreements with the DOJ and the SEC to resolve those agencies’ respective investigations relating to violations under the Foreign Corrupt Practices Act, which involved conduct occurring prior to the merger that formed Alliance in May 2005.

These settlements required the company to retain an independent compliance monitor for a term of three years.

And on Sept. 30, it fulfilled its obligations under the agreements, “including the successful and on-time completion of its compliance monitorship,” Alliance said in a note posted on its website.

The Alliance note is at http://phoenix.corporate-ir.net/phoenix.zhtml?c=96341&p=irol-newsArticle&ID=1860336&highlight=.