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 |
||
|
2 |
ABB Ltd. |
390,00 |
315 |
75 |
||
|
3 |
Honeywell UOP |
160,00 |
79 |
81 |
||
|
4 |
Stericycle, Inc. |
80,70 |
52,5 |
28,2 |
||
|
5 |
Tenaris |
78,00 |
0 |
78 |
||
|
6 |
GOL Linhas Aéreas Inteligentes S.A. (GOL) |
41,50 |
17 |
24,5 |
||
|
7 |
Oracle Corporation |
23,00 |
0 |
23 |
||
|
8 |
KT Corporation (KT Corp.) |
6,30 |
0 |
6,3 |
*Compiled by Ethicontrol based on the DOJ and SEC press releases.
*Total fines issued by DOJ and SEC