The Securities and Exchange Commission Tuesday said BNY Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.… Continue Reading
The Treasury Department’s Office of Foreign Assets Control won’t impose more fines on Schlumberger for “knowingly and willfully” violating the Iran and Sudan sanctions.
In March, a unit of Paris-based Schlumberger Ltd.… Continue Reading
Italian oil and gas services firm Saipem confirmed that Milan prosecutors are looking into alleged corruption tied to a 2011 contract awarded by Brazil’s Petrobras.
Prosecutors are investigating a contract awarded by state owned Petrobras to Saipem SA (France) and Saipem Do Brasil in 2011.… Continue Reading