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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
SEC Takes Aim at Smith & Wesson Over FCPA Charges
Joe Mont | July 28, 2014
The Securities and Exchange Commission has charged Smith & Wesson, a Massachusetts-based firearms manufacturer, with violating the Foreign Corrupt Practices Act. It alleges that employees and representatives of the U.S.-based parent company authorized and made improper payments to foreign officials while trying to win contracts to supply firearm products to military and law enforcement overseas. More inside.
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Enforcement Action Blog
Bio-Rad Laboratories Will Pay $55M to Settle FCPA Charges
Joe Mont | November 3, 2014
The Securities and Exchange Commission has charged Bio-Rad Laboratories, a life sciences research company, with violating the Foreign Corrupt Practices Act when its subsidiaries made improper payments to foreign officials in Russia, Vietnam, and Thailand to win business. The company, which self-reported the misconduct, agreed to pay $55 million to settle charges. More inside.
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Enforcement Action Blog
Former Gov. Contractor in Afghanistan Charged With Bribery
Joe Mont | September 9, 2015
A former employee with International Relief and Development Inc., a government contractor, has pleaded guilty to charges of bribery in connection with a federal program and attempting to avoid currency transaction reporting requirements. The announcement was made this week by Assistant Attorney General Leslie Caldwell of the Justice Department’s Criminal Division. George Green, 57, of Carrollton Texas, faces a 46-month prison sentence and a forfeiture of $51,000.
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Global Glimpses Blog
SFO charges F.H. Bertling with bribery
Jaclyn Jaeger | July 22, 2016
The U.K. Serious Fraud Office SFO announced that it has charged logistics and freight operations company F.H. Bertling, a U.K.-based subsidiary of the German-headquartered Bertling Group, and seven individuals with one count of making corrupt payments, contrary to Section 1 of the Prevention of Corruption Act. Jaclyn Jaeger reports.
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Enforcement Action Blog
Frank’s International launches bribery probe
Jaclyn Jaeger | July 22, 2016
Frank’s International, a Netherland’s-based oil and gas company, said in a filing with the SEC that it is conducting an internal investigation into operations of certain of its foreign subsidiaries in West Africa including possible violations of the U.S. Foreign Corrupt Practices Act, the company’s policies and other applicable laws. Jaclyn Jaeger reports.
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Enforcement Action Blog
Braskem settles bribery class action for $10 million
Jaclyn Jaeger | September 15, 2017
Brazil-based petrochemical giant Braskem has reached a $10 million proposed settlement with U.S. investors for concealing its role in a bribery scheme involving state-owned oil company Petrobras.
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Enforcement Action Blog
NCAA to form special commission
Jaclyn Jaeger | October 13, 2017
Following a federal investigation into fraud in college basketball, the NCAA announced that it is making ‘substantive changes’ to the way it operates, forming a Commission on College Basketball.
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Enforcement Action Blog
Shell executives charged in bribery scheme
Jaclyn Jaeger | October 16, 2017
The Milan Public Prosecutor’s Office has charged several senior Royal Dutch Shell executives in Italy for their role in a widespread bribery scheme to acquire oil exploration rights in Nigeria.
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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
Keppel Offshore to pay $422M to resolve bribery case
Jaclyn Jaeger | December 26, 2017
Singapore-based Keppel Offshore & Marine and its wholly owned U.S. subsidiary will pay a combined $422 million criminal penalty to resolve charges with authorities in the United States, Brazil, and Singapore arising from a decade-long to pay millions of dollars in bribes to officials in Brazil.
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Enforcement Action Blog
Former Embraer sales executive pleads guilty to foreign bribery
Jaclyn Jaeger | December 26, 2017
A former sales executive of Brazilian-based aircraft manufacturer Embraer pleaded guilty last week in connection with a scheme to pay bribes to a high-level foreign government official in exchange for assistance in securing Embraer’s sale of aircraft to Saudi Arabia’s national oil company.
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Enforcement Action Blog
Former Columbia anti-corruption official nabbed for bribery
Joe Mont | August 15, 2018
The former national director of anti-corruption in Colombia pleaded guilty this week in federal court for bribery and his participation in a conspiracy to launder money.
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Enforcement Action Blog
Microsoft offers details into reported corruption probe
Jaclyn Jaeger | August 24, 2018
According to the Wall Street Journal, U.S. authorities are investigating Microsoft over a bribery and corruption matter in Hungary, some details of which the company shared with Compliance Week.
Displaying 13 results