June 29, 2018
The month began with two actions stemming from the bribery of Libyan officials between 2004 and 2010. Société Générale agreed to pay US$585 million to the DOJ and France’s Parquet National Financier—the first instance of coordinated anti-bribery enforcement between the U.S. and France. The DOJ also issued an NPA addressing Legg Mason’s role in the scheme, including a US$64.2 million penalty.
Credit Suisse Group’s Hong Kong unit announced an agreement with the DOJ to resolve an FCPA investigation into its recruitment practices in Asia. The DOJ has not yet confirmed the agreement and no resolution documents have been released.
Visit the TRACE Compendium to view the complete entries, along with other updates from this month.