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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-03-28T19:53:00
Singapore-based commodity trading company Trafigura agreed to pay nearly $127 million as part of a resolution with the U.S. Department of Justice (DOJ) addressing violations of the Foreign Corrupt Practices Act (FCPA) in Brazil.
The company pleaded guilty to one count of conspiracy to violate the FCPA and was assessed a criminal penalty of approximately $80.5 million and forfeiture of about $46.5 million, the DOJ announced in a press release Thursday. The agency agreed to credit about $26.8 million of the criminal fine against amounts Trafigura pays to resolve related investigations by Brazilian authorities.
Trafigura disclosed in December it expected to pay $127 million related to the matter, which primarily occurred more than a decade ago.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-07-26T19:18:00Z By Jeff Dale
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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Singapore-based commodity trading company Trafigura will pay $55 million to the Commodity Futures Trading Commission to settle charges related to fraud, manipulation, and impeding whistleblower communications with the agency.
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Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.
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A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control (OFAC) that its business with North Korea involved U.S. financial institutions.
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