Petróleo Brasileiro S.A. – Petrobras (Petrobras), a Brazilian state-owned and state-controlled energy company, entered into agreements with U.S. and Brazilian authorities and agreed to pay a combined total of $853.2 million in penalties to resolve the U.S. government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) in connection with Petrobras’s role in facilitating […]

Goodyear Tire & Rubber Co. will pay financial regulators more than $16 million to settle charges that its subsidiary in Kenya bribed government and private sector employees to land tire sales. The Securities and Exchange Commission said Goodyear failed to prevent or detect more than $3.2 million in bribes that Kenya subsidiary employees generally paid […]

In a landmark decision released on 10 February, 2015, the Chinese National Development and Reform Commission (“NDRC”) announced that Qualcomm, the US chip manufacturer, had been fined RMB 6.08 billion (approximately US$ 975 million) for abuse of market dominance, including unfair licencing practices. The record fine, which is the largest on record in China, follows […]

Money-laundering. Child labor. Wire fraud. Not only are they scary phrases, but some of the growing concerns business leaders face as governments step up their regulatory efforts. Failure to comply can be catastrophic. While no compliance program is perfect, establishing a strong compliance infrastructure can help protect your organization when the Department of Justice comes […]

It has been reported that French oil and gas giant Total SA on Monday said it had set aside $398 million to pay for an expected settlement with U.S. regulators over possible bribes made to Iranian officials in violation of the Foreign Corrupt Practices Act. In a filing with the U.S. Securities and Exchange Commission, […]

Tyco to pay $26 million to settle FCPA charges 25 Sept 2012 Payments to a “site project team” in China, “renovation work” in Thailand, and “business introduction services” in France were all bribes paid to government officials by Swiss-based Tyco International. The SEC reached a settlement with the company today for $13 million dollars. According […]

Lessons Learned from ING’s OFAC Violations & $619m Payout – On July 12th, the largest settlement was made between a bank and authorities over a clear violation of U.S. economic sanctions. ING Bank is paying a record $619 million dollar settlement after a joint investigation between the Department of Justice (DOJ) and the Manhattan District […]