Petróleo Brasileiro S.A. – Petrobras Agrees to Pay More Than $850 Million for FCPA Violations

By AML FCPA, AML

Petróleo Brasileiro S.A. – Petrobras Agrees to Pay More Than $850 Million for FCPA Violations

Petróleo Brasileiro S.A. – Petrobras (Petrobras), a Brazilian state-owned and state-controlled energy company, entered into agreements with U.S. and Brazilian authorities and agreed to pay a combined total of $853.2 million in penalties to resolve the U.S. government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) in connection with Petrobras’s role in facilitating payments to politicians and political parties in Brazil, as well as a related Brazilian investigation.

OPA | Department of Justice

https://www.justice.gov/opa/pr/petr-leo-brasileiro-sa-petrobras-agrees-pay-more-850-million-fcpa-violations

Petrobras reaches $1.78 billion FCPA resolution – The FCPA Blog – The FCPA Blog

http://www.fcpablog.com/blog/2018/9/27/petrobras-reaches-178-billion-fcpa-resolution.html

More from tokioX :

  1. Brazil J&F Investimentos agrees to pay $285 million to settle FCPA violations
  2. Novartis pays $346.7 million to resolve widespread FCPA offenses
  3. Ericsson pays $1 billion to resolve FCPA violations
  4. Barclays pays SEC $6.3 million to settle ‘referral hiring’ FCPA violations
  5. Juniper Networks pays SEC $11.7 million to settle FCPA violations
  6. Deutsche Bank pays SEC $16 million to settle ‘referral hiring’ FCPA violations
  7. Microsoft pays $25 million to resolve widespread FCPA violations