Unraveling The Many Enforcement Actions Against Various Commodities Trading Companies And Individuals
A few hours after the DOJ announced a March 28th Foreign Corrupt Practices Act action against Trafigura (see here and here for prior posts) the DOJ also announced (what was increasingly becoming obvious over the last few years) that “its long-running investigation into international commodities trading companies that paid bribes to win business with state-owned and state-controlled oil companies in Latin America and Africa has resulted in six corporate resolutions, 20 convictions of individuals, and total fines, forfeitures, and other penalties of more than $1.7 billion.”