In the fourth biggest FCPA case ever, French oil giant Total S.A. agreed Wednesday to pay $398 million in penalties and disgorgement for bribing an Iran official to gain access to oil and gas fields.… Continue Reading
Posts Tagged: Monitors
Houston-based KBR said in an SEC filing this week that its compliance monitor ‘has certified that KBR’s current anti-corruption compliance program is appropriately designed and implemented to ensure compliance with the FCPA and other applicable anti-corruption laws.’… Continue Reading
The former director of worldwide sales for Control Components Inc. was sentenced Thursday to 13 months home confinement and fined $20,000 for bribing Chinese officials.
Paul Cosgrove, 65, pleaded guilty in May to one count of violating the FCPA.… Continue Reading
Biomet Inc. today became the latest medical device maker to settle FCPA offenses.
The Warsaw, Indiana company will pay a criminal fine of $17.3 million in its settlement with the DOJ, and $5.5 million in disgorgement of profits and pre-judgment interest to the SEC.… Continue Reading
Hughes Hubbard’s annual FCPA reviews are new kids on the block. But we don’t know a better source for FCPA and compliance-related information.
When BAE pleaded guilty in February to a one-count criminal information, it agreed to appoint a compliance monitor by the end of May. But that didn’t happen. BAE blamed the Justice Department for rejecting six qualified candidates; the DOJ blamed BAE for picking the wrong people.… Continue Reading