Flutter Entertainment plc, as successor-in-interest to The Stars Group, Inc.– An oil services company agreed to pay approximately $8 million to resolve charges that it violated the FCPA’s anti-bribery, books and records, and internal accounting controls provisions in connection with payments made by its subsidiaries to an Angolan government official through a purported sales agent. They further corrupted public tenders by colluding with other manufacturers’ employees to create false accompanying bids to give the appearance of a legitimate public tender. For several years, employees at Philips’ Chinese subsidiaries, distributors or sub-dealers sought to improperly influence government hospital officials, including through the use of price discounts that increased the risk of payments to the government officials, to increase the likelihood that Philips’ products would be selected in public tenders. – The medical device manufacturer agreed to pay $62 million to resolve charges that it violated the books and records and internal accounting controls provisions of the FCPA, in connection with the operations of its subsidiaries in China. – A research and consulting services company agreed to pay over $2.45 million to resolve charges that it violated the anti-bribery, books and records, and internal accounting control provisions of the FCPA in connection with a corrupt arrangement with a South African consulting firm to obtain and retain contracts from the South African Revenue Service. The SEC alleges that Corficolombiana, through its former president and with a joint venture partner, paid at least $28 million in bribes to secure the extension (08/10/23).
(Corficolombiana) agreed to pay $40 million to resolve charges that they violated the books and records and internal accounting controls provisions and, in the case of Corficolombiana, the anti-bribery provisions of the FCPA, in connection with an extension to a highway infrastructure project in Colombia. (Grupo Aval S.A.) and its bank subsidiary Corporación Financiera Colombiana S.A. Grupo Aval – Colombian conglomerate Grupo Aval Acciones y Valores S.A.Employees of a 3M China-based subsidiary arranged for Chinese health care officials to attend overseas conferences, educational events, and health care facility visits ostensibly as part of its marketing and outreach efforts, but that in fact were often a pretext to provide overseas travel, sightseeing and entertainment. 3M Company – Minnesota-based 3M agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the FCPA.agreed to pay approximately $26.1 million in disgorgement and prejudgment interest arising out of bribes paid by its agent, a former majority-owned affiliate in China, in violation of the FCPA’s anti-bribery, recordkeeping, and internal accounting controls provisions. Albemarle Corporation agreed to pay approximately $103.6 million in disgorgement and prejudgment interest to resolve FCPA anti-bribery, recordkeeping, and internal accounting controls charges arising out of certain conduct in Vietnam, India, Indonesia, China, and the United Arab Emirates.The following is a list of the SEC's FCPA enforcement actions listed by calendar year: 2023 from bribing foreign officials for government contracts and other business. In 2010, the SEC's Enforcement Division created a specialized unit to further enhance its enforcement of the FCPA, which prohibits companies issuing stock in the U.S. Enforcement of the Foreign Corrupt Practices Act (FCPA) continues to be a high priority area for the SEC.
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