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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-12-19T20:58:00
Honeywell International agreed to pay $202.7 million to settle charges it paid bribes to obtain contracts with government entities in Brazil and Algeria.
Honeywell UOP, a U.S.-based subsidiary of Honeywell International, paid $4 million in bribes to an executive at Brazil state-owned oil company Petrobras between 2010-14, according to the Department of Justice (DOJ) and Securities and Exchange Commission (SEC). Meanwhile, representatives from Honeywell Belgium paid $75,000 in 2011 to win a bid with the Algerian state-owned oil company Sonatrach, the SEC alleged.
Honeywell—a conglomerate with divisions that include aerospace, energy, healthcare, life sciences, retail, and utilities—was ordered to pay $81 million by the SEC for violating the anti-bribery, books and records, and internal accounting controls provisions of federal securities law, the agency stated in a press release Monday. The company must pay a criminal penalty of approximately $79 million to the DOJ for violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA).
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2022-10-27T20:22:00Z By Adrianne Appel
Multinational conglomerate Honeywell International agreed to pay $3.35 million to settle allegations it sold defective material for bulletproof vests used by local, state, and tribal police departments.
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Honeywell International has recorded a charge of $160 million in accrued liability concerning an investigation by U.S. and Brazilian authorities as to whether the company’s use of third parties in Brazil violated the FCPA.
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Honeywell International announced in a regulatory filing that it is being investigated by U.S. and Brazilian authorities as to whether the company’s use of third parties in Brazil violated the Foreign Corrupt Practices Act.
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RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
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The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
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