In the News

ABB Settles With Multiple Authorities for Its Third FCPA Strike, Anti-Corruption Report

Wednesday, December 7, 2022

Partner Amy Schuh commented for Anti-Corruption Report in an article on an announcement from the US Department of Justice and the US Securities and Exchange Commission.

A Swiss-based global technology company has agreed to pay more than $315 million and comply with a three-year deferred prosecution agreement to resolve investigations into violations of the US Foreign Corrupt Practices Act related to the bribery of a high-ranking official at South Africa’s state-owned energy company. 

“What is significant here is the new entrant of South African authorities, who are not just enforcing their anti-corruption laws but have charged an individual in connection with this matter,” Amy said.

Read the full Anti-Corruption Report article >>
Subscription may be required.