TechnipFMC pays $296 million to settle FCPA offenses

By AML FCPA, Statistics, AML

TechnipFMC pays $296 million to settle FCPA offenses

TechnipFMC plc,

an oil and gas services company in London, agreed Tuesday to pay criminal penalties of $296 million to resolve violations of the Foreign Corrupt Practice Act in Brazil and Iraq.

The DOJ

assessed total criminal penalties of $296 million against TechnipFMC and its U.S. subsidiary.

But the DOJ said TechnipFMC would pay about $214 million of the total penalties to enforcement authorities in Brazil.

The portion of penalties paid to the DOJ amounted to $81.9 million.

Technip’s former consultant in Brazil,

Zwi Skornicki,

also pleaded guilty Tuesday in connection with TechnipFMC’s FCPA resolution.

The FCPA Blog – The FCPA Blog

http://www.fcpablog.com/blog/2019/6/25/technipfmc-pays-296-million-to-settle-fcpa-offenses.html

More from tokioX :

  1. Herbalife pays $123 million to resolve China FCPA offenses
  2. Novartis pays $346.7 million to resolve widespread FCPA offenses
  3. Cardinal Health pays SEC $8.8 million to settle China FCPA offenses
  4. Samsung Heavy Industries pays $75 million to resolve FCPA offenses
  5. Barclays pays SEC $6.3 million to settle ‘referral hiring’ FCPA violations
  6. TechnipFMC plc paid the SEC $5 million Monday to settle FCPA offenses related to bribing Iraqi officials to win business with state-owned oil companies.
  7. Juniper Networks pays SEC $11.7 million to settle FCPA violations