All Angola articles
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News BriefCircor avoids fine after self-reporting accounting control violations to SEC
Massachusetts-based technology company Circor International settled charges with the Securities and Exchange Commission regarding deficient internal accounting controls without paying a fine.
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News BriefBCG avoids criminal prosecution for FCPA violations related to bribes in Angola
The Department of Justice declined to prosecute Boston Consulting Group for allegedly bribing Angolan officials in violation of the Foreign Corrupt Practices Act, citing the firm’s prompt self-disclosure and timely remediation.
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News BriefTrafigura to reserve $127M for DOJ settlement over Brazil bribes
Singapore-based commodity trading company Trafigura said it will disclose a $127 million provision related to the resolution of a Department of Justice investigation into alleged improper payments made in Brazil by former employees.
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News BriefFrank’s International to pay $8M in FCPA case
Dutch oilfield services provider Frank’s International agreed to pay nearly $8 million as part of a settlement with the Securities and Exchange Commission for allegedly paying bribes to influence oil drilling contracts in Angola.
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ArticleHat tip to HSBC for stopping money laundering, saving lives
If you’re in search of proof that what you do matters, look no further than the AML efforts of HSBC in preventing $500 million from reaching the bank accounts of criminals, writes Martin Woods.
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Blog
The fight against worldwide corruption
When banks and regulators work together to halt the transfer, hiding, and parking of corrupt funds, the war on corruption takes one more giant step forward.
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Blog
SFO secures seven convictions in F.H. Bertling case
The U.K. Serious Fraud Office announced this week that F.H. Bertling and six current and former employees have been convicted of conspiracy to make corrupt payments in relation to F.H. Bertling’s freight forwarding business in Angola and a contract worth approximately $20 million.
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Blog
Halliburton settles FCPA case for $29.2M
Oil field services giant Halliburton today reached a $29.2 million settlement with the SEC over charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act concerning payments tied to Angola.