Brazil’s state-run power company Eletrobras has agreed to pay a $2.5 million civil penalty concerning violations of the internal accounting controls provisions and recordkeeping provisions of the Foreign Corrupt Practices Act, the Securities and Exchange Commission announced.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...