Compendium Roundup: June 2017

Compendium Roundup: June 2017

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June 29, 2017

At the start of the month, German authorities imposed a penalty of EUR 48 million on Atlas Elektronik GmbH based on allegations that employees of the company had paid bribes to intermediaries in Greece and Peru to help secure military contracts. The penalty equaled the amount found to have been earned from those contracts. On 16 June, the U.S. Department of Justice closed its investigation into two Linde Group companies, which had allegedly agreed to share profits with officials from state-owned entity in Georgia in exchange for purchasing equipment to produce boron gas. The declination was made pursuant to the DOJ’s “Pilot Program,” and included an agreement by the companies to disgorge and forfeit more than USD 11.2 million. Meanwhile, a Russian subsidiary of Teva Pharmaceutical Industries Ltd pleaded guilty in U.S. federal court to conspiracy to violate the FCPA. Coming several months after the parent company had settled related matters with federal authorities, the subsidiary’s plea agreement did not include any monetary penalty, but only an obligation to follow the terms of the parent company’s deferred-prosecution agreement.

Visit the TRACE Compendium to view the complete entries, along with other updates from this month.

Compendium Update: 19-30 June
KYC and Name Screening Systems of the Future – We Have the Technology
Justina Song Compendium Roundup: June 2017

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