All Brazil articles

  • Braskem
    Article

    Ex-Braskem CEO pleads guilty for role in bribery scheme

    2021-04-16T15:44:00Z

    The former CEO of Brazilian petrochemical giant Braskem pleaded guilty for his role in a scheme to divert hundreds of millions of dollars in bribe payments from the company to government officials and political parties in Brazil.

  • Construction site
    Article

    Samsung Heavy Industries settles Brazil bribery probe for $150M

    2021-02-24T15:41:00Z

    Samsung Heavy Industries will pay 812 million reais (U.S. $149.9 million) in a leniency deal with Brazilian enforcement authorities for acts of corruption and money laundering related to “Operation Car Wash.”

  • Global currency
    Article

    Anti-corruption developments in 2020: China, India make strides

    2021-02-03T21:41:00Z

    A global panel of experts with law firm Gibson Dunn share insights around recent anti-corruption developments in some of the world’s largest regions, including China, India, Latin America, and Africa.

  • Oil barrels
    Article

    Energy trader Vitol to pay $164M in FCPA case

    2020-12-04T18:11:00Z

    The U.S. affiliate of global energy and commodity trading company Vitol will pay approximately $164 million to settle charges of bribery, corruption, and manipulative and deceptive conduct levied by multiple regulators, including historic involvement by the CFTC.

  • Shipping
    Article

    SBM Offshore FCPA case ends, Swiss investigation begins

    2020-12-01T16:06:00Z

    SBM Offshore confirmed it has reached the end of its three-year deferred prosecution agreement with the Department of Justice for FCPA violations, but the oil and gas services company is now facing a fresh corruption investigation from Swiss enforcement authorities.

  • Odebrecht site
    Article

    Four years later, Odebrecht’s external monitorship ends

    2020-11-24T16:57:00Z

    Odebrecht has reached the end of its compliance monitorship, four years after pleading guilty and resolving charges with authorities in the United States, Brazil, and Switzerland for violations of the Foreign Corrupt Practices Act.

  • JBS
    Article

    Brazilian meatpacker’s FCPA settlement details widespread corruption

    2020-10-15T17:00:00Z

    Brazilian company JBS, the largest meat producer in the world, and its holding company agreed to pay nearly $300 million for systemic and widespread corruption in settlements with two U.S. enforcement agencies.

  • DOJSeal
    Article

    Sargeant Marine to pay $16.6M in FCPA case

    2020-09-23T18:42:00Z

    Sargeant Marine has pleaded guilty to conspiracy to violate the anti-bribery provisions of the FCPA and agreed to a $16.6 million criminal fine to resolve the charges, the Department of Justice announced.

  • Medical devices
    Article

    Eight years later, Zimmer Biomet FCPA case ends

    2020-08-06T14:39:00Z

    Zimmer Biomet Holdings disclosed in a regulatory filing it has reached the end of its monitorship, eight years after resolving parallel settlements with the DOJ and SEC for violations of the Foreign Corrupt Practices Act.

  • Alexion
    Article

    Alexion Pharmaceuticals to pay $21M to resolve FCPA case

    2020-07-02T15:26:00Z

    Alexion Pharmaceuticals will pay $21 million to resolve SEC charges that it violated the books and records and internal accounting controls provisions of the FCPA concerning bribes made by subsidiaries to foreign government officials.

  • Money laundering
    Article

    John Wood Group reserves $46M to resolve bribery investigations

    2020-03-12T17:13:00Z

    John Wood Group said in a regulatory filing it has reserved $46 million in a potential settlement with authorities in the United States, Brazil, and Scotland related to a bribery investigation concerning ties to Monaco-based oil services firm Unaoil.

  • Petrobras
    Article

    Petrobras receives $112.3M from leniency agreements, other deals

    2019-07-30T14:56:00Z

    Petrobras said it has received 425 million reais (U.S. $112.3 million) from leniency agreements and repatriations carried out by Brazil’s Federal Prosecutor’s Office.

  • Blog post

    SBM Offshore signs leniency agreement with Brazilian authorities, Petrobras

    2018-07-30T14:30:00Z

    Dutch oil and gas services company SBM Offshore said it has reached a leniency agreement with Brazilian authorities to resolve allegations relating to the Petrobras bribery scandal.

  • Blog post

    A fine mess in Brazil (and Houston)

    2018-07-25T08:30:00Z

    A legal battle between Vantage Drilling and Petrobras, Brazil’s state-owned oil company, has put a new twist on contract challenges and FCPA violations

  • Blog post

    Vantage Drilling reaches ‘agreement in principle’ with SEC in FCPA case

    2018-05-09T10:15:00Z

    Offshore drilling contractor Vantage Drilling Co. has “reached an agreement in principle” with the Securities and Exchange Commission regarding a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.

  • bestof-2017
    Article

    Year in review: 2017

    2018-01-02T11:00:00Z

    Compliance Week looks back at the last 12 months and offers a glimpse at some of the biggest news stories in compliance, governance, risk, and ethics.

  • Blog post

    Keppel Offshore to pay $422M to resolve bribery case

    2017-12-26T21:45:00Z

    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.

  • Blog post

    SEC, ICO scams, and Bitcoin

    2017-12-08T10:15:00Z

    This week: Bitcoin shows no signs of stopping as it hits more records, the SEC makes first moves against ICO scams, and a Brazillian mayor tries to govern via WhatsApp.

  • Blog post

    Staying home to avoid justice?

    2017-11-20T16:00:00Z

    “Honey, I think we should stay at home for Christmas this year.” This is the line that may well have been said by Marco Polo Del Nero, the president of the Brazilian Soccer Federation to his wife, after having been indicted on money laundering charges, but not subject to extradition ...

  • Blog post

    Those pesky hot mikes and insider-trading laws

    2017-09-17T18:15:00Z

    Inside is a look at the actions of the Batista brothers, leaders of corrupt firm JBS, which highlights a part of any corruption resolution across the globe: If you hold back information from the government, you will be subject to prosecution for those crimes as well.