Food processing giant Archer Daniels Midland Company has agreed to pay a total of $54.3 million to the Securities and Exchange Commission and the Department of Justice to settle civil and criminal charges over violations of the Foreign Corrupt Practices Act. The company’s swift actions, however, also earned it a non-prosecution agreement.

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,...