By Neil Hodge2022-12-06T21:31:00
Swiss-based commodity trading and mining company Glencore agreed to pay $180 million to the government of the Democratic Republic of the Congo (DRC) to settle claims arising from alleged corrupt practices that took place for more than a decade.
The agreement, announced Monday, covers “all present and future claims arising from any alleged acts of corruption by the Glencore Group in the DRC between 2007 and 2018,” including those already investigated as part of probes by the U.S. Department of Justice (DOJ) and the DRC’s National Financial Intelligence Unit and Ministry of Justice, among others, the company said.
The settlement is the third Glencore has finalized this year. Collectively, the penalties are in line with the company’s expectation—as stated in its 2021 annual report—a provision of $1.5 billion would likely resolve all the regulatory investigations it faced.
2025-04-16T16:00:00Z By Aaron Nicodemus
The U.S. Department of Justice ended two compliance monitorships on Glencore International more than a year early, monitorships imposed in 2022 after the company was convicted of paying bribes and manipulating commodities markets.
2022-11-09T12:54:00Z By Neil Hodge
Glencore Energy UK was ordered to pay nearly £281 million (U.S. $314 million) in fines and costs after an investigation by the U.K.’s Serious Fraud Office (SFO) found it paid $29 million in bribes to gain preferential access to oil in Africa to boost profits.
2022-05-24T21:47:00Z By Aaron Nicodemus
Glencore International AG, one of the world’s largest commodity traders, will be placed under a three-year compliance monitorship and pay more than $1 billion to resolve multiple investigations into alleged bribes paid in several countries over more than a decade.
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Eight auto insurers failed to meet the requirements of New York’s cybersecurity regulations during widespread online attacks in 2021 and will pay $19 million under consent orders with the New York State Department of Financial Services (NYDFS).
2025-10-21T17:13:00Z By Oscar Gonzalez
Canada is creating a new federal office to lead efforts against financial crime. The initiative marks the government’s most significant move yet to modernize its approach to fraud and money laundering.
2025-10-20T18:07:00Z By Adrianne Appel
Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.
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