By
Kyle Brasseur2024-01-10T20:31:00
German-based software company SAP agreed to pay more than $220 million as part of resolutions with authorities in the United States and South Africa regarding alleged violations of the Foreign Corrupt Practices Act (FCPA).
SAP entered into a three-year deferred prosecution agreement, was assessed a criminal penalty of nearly $119 million by the Department of Justice (DOJ), and agreed to pay forfeiture of more than $103 million, the agency announced Wednesday. Portions of those amounts will be credited in line with parallel resolutions with the Securities and Exchange Commission (SEC), which announced nearly $100 million to be paid in disgorgement and prejudgment interest, and South African authorities.
The FCPA settlement between SAP and the DOJ marks the second for the agency coordinated with South African authorities, after Swiss technology company ABB in December 2022.
2024-12-24T13:45:00Z By Jeff Dale
It’s been a long “integrity journey” for Ericsson, according to the company’s Head of Compliance Global Affairs Alison Howell. Since settling with the DOJ over FCPA violations in 2019, the company has gone through a "business critical transformation," resulting in the end of its compliance monitorship.
2024-03-04T16:12:00Z By Aaron Nicodemus
Swiss-based oil trader Gunvor will pay more than $661 million as part of a plea agreement with the Department of Justice to resolve violations of the Foreign Corrupt Practices Act involving a long-running scheme to bribe officials in Ecuador to secure oil contracts.
2024-02-08T19:46:00Z By Kyle Brasseur
RTX Corp., parent company of aerospace and defense giant Raytheon, disclosed an internal investigation launched into potential improper payments in connection with contracts in the Middle East found indications of misconduct.
2025-10-29T20:04:00Z By Oscar Gonzalez
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”
2025-10-28T21:11:00Z By Adrianne Appel
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.
2025-10-23T20:36:00Z By Jaclyn Jaeger
It has been nearly six months now since the Department of Justice’s (DOJ) Criminal Division released its memorandum on the selection of compliance monitors. This article provides a critical analysis of the monitorships that received early terminations, those that remain in place, and the broader compliance lessons they impart.
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