August 30, 2018
The SEC issued a consensual cease-and-desist order against Legg Mason, Inc. for internal controls violations stemming from a 2004 – 2010 Libyan bribery scheme involving its subsidiary, Permal Group Ltd., and Paris-based financial company Société Générale S.A. The order directed disgorgement and interest totaling US$ 34.5 million.
SBM Offshore N.V. agreed to pay US$ 189 million in fines and compensation to Brazilian authorities and state oil company Petrobras to settle all corruption investigations against SBM in Brazil.
The SEC and DOJ are investigating potential bribery and corruption related to the sale of Microsoft products in Hungary in 2014.
Visit the TRACE Compendium to view the complete entries, along with other updates from this month.