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Enforcement Action

Jaclyn Jaeger is an Editor at Compliance Week. She writes on a wide variety of topics, including ethics and compliance, regulatory enforcement matters, risk management, technology, and more. Jaeger welcomes questions and comments from readers; she can be reached via e-mail at jaclyn.jaeger@complianceweek.com.
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Enforcement Action Blog
UTC to pay $13.9M to settle SEC FCPA charges
Jaclyn Jaeger | September 13, 2018
United Technologies on Sept. 12 reached a $13.9 million settlement with the Securities and Exchange Commission to resolve charges that it violated the Foreign Corrupt Practices Act by making illicit payments in its elevator and aircraft engine businesses.
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Enforcement Action Blog
Beam Suntory to pay $8M in FCPA case
Jaclyn Jaeger | July 3, 2018
Beam Suntory subsidiary Beam India was charged by the SEC with making improper payments to various government officials to obtain or retain business in the Indian market. Beam was fined $8M, but neither admitted nor denied the the allegations.
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Enforcement Action Blog
Legg Mason accrues $67M charge to earnings for FCPA matter
Jaclyn Jaeger | May 31, 2018
U.S. investment management firm Legg Mason disclosed in a securities filing on May 30 that it expects to soon complete negotiations with both the U.S. Department of Justice and the SEC to resolve a Foreign Corrupt Practices Act investigation.
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Enforcement Action Blog
Clear Channel hints to potential FCPA violations
Jaclyn Jaeger | May 2, 2018
Media company Clear Channel Outdoor disclosed that it has advised U.S. authorities about accounting discrepancies caused by the misappropriation of funds at its Chinese subsidiary, in possible violation of the Foreign Corrupt Practices Act.
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Enforcement Action Blog
Dun & Bradstreet to pay $9M to resolve FCPA case
Jaclyn Jaeger | April 24, 2018
The SEC announced on Monday that Dun & Bradstreet will pay $9 million for violations of the Foreign Corrupt Practices Act arising from improper payments made by two Chinese subsidiaries. Meanwhile, the Department of Justice said it has declined prosecution “consistent with the FCPA Corporate Enforcement Policy.”
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Enforcement Action Blog
Fresenius Medical Care reserves €200 million in FCPA case
Jaclyn Jaeger | February 27, 2018
Germany-based Fresenius Medical Care, a provider of dialysis products and services, has set aside €200 million concerning its ongoing settlement negotiations with the U.S. government regarding potential violations of the Foreign Corrupt Practices Act.
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Enforcement Action Blog
Teradata FCPA probe ends without enforcement action
Jaclyn Jaeger | February 26, 2018
IT service management company Teradata will not be facing any enforcement action following an investigation into questionable gifts and travel expenses by one of its international subsidiaries doing business in Turkey.
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Enforcement Action Blog
Cobalt: SEC ends second FCPA probe
Jaclyn Jaeger | January 31, 2018
Cobalt International Energy disclosed in a securities filing this week that the SEC concluded its second investigation into potential violations of the Foreign Corrupt Practices Act related to the company’s operations in Angola and does not intend to bring an enforcement action.
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Enforcement Action Blog
SBM Offshore to pay $238M to resolve FCPA case
Jaclyn Jaeger | December 1, 2017
Dutch oil and gas services company SBM Offshore, and its wholly owned U.S. subsidiary SBM Offshore USA, will pay a criminal penalty of $238 million in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq in violation of the Foreign Corrupt Practices Act.
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Enforcement Action Blog
Two ex-SBM executives plead guilty in Petrobras bribery scheme
Jaclyn Jaeger | November 14, 2017
Two former executives at Dutch oil and gas services company SBM Offshore have pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act for their roles in a scheme to bribe foreign government officials in Brazil, Angola, and Equatorial Guinea.
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Enforcement Action Blog
Core Laboratories: Unaoil probe ends in DoJ declination
Jaclyn Jaeger | October 25, 2017
Core Laboratories said in a securities filing today that the U.S. Department of Justice has closed its investigation into possible violations of the Foreign Corrupt Practices Act related to the oil services company's interactions with Unaoil.
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Enforcement Action Blog
Vantage Drilling: Justice Department ends FCPA probe
Jaclyn Jaeger | August 18, 2017
Vantage Drilling Company, an offshore drilling contractor, announced this week that it will not be facing an enforcement action from the Department of Justice regarding a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.
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Enforcement Action Blog
AG Sessions: Department of Justice will ‘strongly enforce’ FCPA
Jaclyn Jaeger | April 27, 2017
In case companies had any lingering doubt about Foreign Corrupt Practices Act enforcement, Attorney General Jeff Sessions indicated in remarks this week that FCPA enforcement is alive and well. His remarks come a week after Acting Principal Deputy Assistant Attorney General Trevor McFadden similarly pledged support of FCPA enforcement.
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Enforcement Action Blog
SEC ends FCPA probe of Crawford & Co
Jaclyn Jaeger | March 2, 2017
Crawford & Co, an independent claims management firm, disclosed in a quarterly report this week that the Securities and Exchange Commission said it will not be bringing charges following a Foreign Corrupt Practices Act investigation.
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Enforcement Action Blog
Las Vegas Sands pays $7M for FCPA violations
Jaclyn Jaeger | January 20, 2017
Las Vegas Sands agreed to pay a $6.96 million criminal penalty to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act. This resolution is in addition to the $9 million related civil penalty paid to the SEC in April. Jaclyn Jaeger reports.
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Enforcement Action Blog
Zimmer Biomet to pay $30M to resolve FCPA violations
Jaclyn Jaeger | January 13, 2017
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Global Glimpses Blog
Greek authorities raid Novartis offices in bribery probe
Jaclyn Jaeger | January 5, 2017
Novartis is facing a fresh bribery probe, this time in Greece, where authorities there have raided the company’s offices searching for electronic documents and files. Jaclyn Jaeger reports.
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Enforcement Action Blog
General Cable to pay $76M in FCPA case
Jaclyn Jaeger | December 29, 2016
General Cable today agreed to pay a combined $76 million to resolve parallel investigations with the SEC and Department of Justice related to violations of the Foreign Corrupt Practices Act. The company agreed to pay an additional $6.5 million penalty to the SEC to settle separate accounting-related violations. Jaclyn Jaeger has more.
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Enforcement Action Blog
Laureate Education launches FCPA probe into charitable donation
Jaclyn Jaeger | December 20, 2016
Laureate Education, a for-profit higher education institution, said that it is conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act concerning an $18 million donation that one of its network institutions made in Turkey to a charitable foundation. Jaclyn Jaeger has more.
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Enforcement Action Blog
Cognizant self-discloses FCPA investigation
Jaclyn Jaeger | October 4, 2016
Cognizant Technology Solutions said in a recent regulatory filing that it is conducting an internal investigation to determine whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.
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Enforcement Action Blog
Misonix discloses FCPA investigation
Jaclyn Jaeger | September 30, 2016
Medical-device maker Misonix said it voluntarily contacted the Securities and Exchange Commission and the U.S. Department of Justice this week to inform them about potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Enforcement Action Blog
Och-Ziff to pay $412M for FCPA violations
Jaclyn Jaeger | September 30, 2016
Och-Ziff Capital Management Group and wholly-owned subsidiary OZ Africa Management will pay $412M for the bribery of government officials in Africa—the first time a hedge fund has been accountable for FCPA violations. Jaclyn Jaeger has more.
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Enforcement Action Blog
Weatherford to pay $140M for accounting fraud
Jaclyn Jaeger | September 29, 2016
Switzerland-based oilfield services giant Weatherford International will pay $140M to settle charges that it inflated earnings by using deceptive income tax accounting. Jaclyn Jaeger reports.
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Enforcement Action Blog
Anheuser-Busch InBev settles FCPA case with SEC for $6M
Jaclyn Jaeger | September 28, 2016
Anheuser-Busch InBev today reached a $6 million settlement with the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act (FCPA) and for chilling a whistleblower who reported the misconduct. Jaclyn Jaeger reports.
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Enforcement Action Blog
Harris declinations: A landmark FCPA case?
Jaclyn Jaeger | September 23, 2016
The SEC will not take action against Harris Corp. for FCPA violations, but has brought charges against a former Harris executive for bribing Chinese government officials to obtain business. Jaclyn Jaeger explores.
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