Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Glencore receives subpoena from Department of Justice

Jaclyn Jaeger | July 3, 2018

Switzerland-based Glencore Ltd, a subsidiary of Glencore plc, said Tuesday it received a subpoena on July 2 from the U.S. Department of Justice to produce documents and other records concerning compliance with the U.S. Foreign Corrupt Practices Act and U.S. money-laundering statutes.

The requested documents “relate to the Glencore Group’s business in Nigeria, the Democratic Republic of Congo, and Venezuela from 2007 to present,” the company said in a statement.

Glencore was cited hundreds of times in the Panama Papers. It then came under heavy criticism...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.