Skip to content
Burger
Cross



Top FCPA enforcement cases of 2022

Just as in 2021, you won’t be shocked by the total of charges as they are not even close to 2019 top violations. There are many reasons for such a drastic change, however, we know that there is no significant decline in the number of cases, only in fines. What is behind the scenes? Private investigations, charges against individuals that we usually don’t cover in our blog, complexity of cases - some cases take years to investigate so they simply don’t make it to our charts (as we don’t know the sum yet).

The total of 2022 FCPA charges by DOJ and SEC amounted to $1879,5 millions, with Glencore subsidiaries as a top violator. In many cases, charges were reduced due to the fact that companies acknowledged the wrongdoing and agreed to cooperate with the authorities. Please check our FCPA tag to see our reports from the previous years.

 

Company

total fine, mUSD

DOJ

SEC

link doj

link sec

1

Glencore International A.G. (Glencore) and Glencore Ltd)

1 100,00

1100

0

 

link

2

ABB Ltd.

390,00

315

75

link

link

3

Honeywell UOP

160,00

79

81

link

link

4

Stericycle, Inc.

80,70

52,5

28,2

link

link

5

Tenaris

78,00

0

78

 

link

6

GOL Linhas Aéreas Inteligentes S.A. (GOL)

41,50

17

24,5

link

link

7

Oracle Corporation

23,00

0

23

 

link

8

KT Corporation (KT Corp.)

6,30

0

6,3

 

link

*Compiled by Ethicontrol based on the DOJ and SEC press releases.

 

blog-fcpa-2022-_1_

       *Total fines issued by DOJ and SEC