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June 25, 2019

Posted  June 25, 2019

International gas and oil provider TechnipFMC plc (TFMC) and its U.S. subsidiary, Technip USA, Inc., have agreed to pay over $296 million to settle bribery charges by U.S. and Brazilian authorities.  TFMC had allegedly violated the Foreign Corrupt Practices Act from 2003 to 2013 by paying bribes to government officials in Brazil and Iraq in order to secure improper business advantages.  TFMC received a criminal fine reduction of 25% for cooperating fully and taking extensive remedial measures and a $214 million credit for penalties paid to the Brazilian government for overlapping conduct.  DOJ, USAO EDNY

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