The Serious Fraud Office (SFO) announced Thursday it has closed its bribery and corruption investigation into the activities of U.S. engineering services company KBR’s British subsidiaries and employees, weeks after the U.K. Supreme Court unanimously ruled the agency breached its authority in the case.

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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,...