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Top 10 FCPA enforcement cases of 2019

We continue the tradition of data compilation on the TOP 10 cases ranked by penalty amounts in 2019 according to the US Department of Justice and US Securities and Exchange Commission.

You can read our previous notes under FCPA tag.

2019 has shown us stability in the total amount of fines for the TOP 10 companies — like in 2018, the sum is $2.8 billion.

Despite this two of ten companies — MTS and Ericsson — have been hit the TOP 10 list of biggest FCPA fines ever.

2019 became lavish for individual charges. According to FCPA Blog,

  • 3 individuals settled civil FCPA charges brought by the SEC
  • 9 pleaded guilty to FCPA-related criminal charges
  • 6 were sentenced
  • 4 were convicted at trial
  • 14 were indicted for FCPA crimes

 

  Company Total fine, mUSD DOJ SEC Other countries
1 Telefonaktiebolaget LM Ericsson 1060 520 540 0
2 Mobile TeleSystems Public Joint Stock Company (MTS) 850 750 100 0
3 TechnipFMC plc 301 81,9 5,06 214
4 Walmart Inc. 283 138 144,7 0
5 Fresenius Medical Care AG & Co. KGaA 232 84,7 147 0
6 Samsung Heavy Industries 75 37,74 0 37,74
7 Microsoft Corporation 25 8,75 16,56 0
8 Cognizant Technology Solutions Corporation 25 0 25 0
9 Deutsche Bank 16 0 16,1 0
10 Juniper Networks 12 0 11,74 0

TOP cases FCPA 2019

More information can be found here.

 

List of sources:

  • https://fcpablog.com/2020/01/02/2019-fcpa-enforcement-index/
  • https://www.justice.gov/opa/pr/ericsson-agrees-pay-over-1-billion-resolve-fcpa-case
  • https://www.justice.gov/opa/pr/mobile-telesystems-pjsc-and-its-uzbek-subsidiary-enter-resolutions-850-million-department
  • https://www.justice.gov/opa/pr/technipfmc-plc-and-us-based-subsidiary-agree-pay-over-296-million-global-penalties-resolve
  • https://www.justice.gov/opa/pr/walmart-inc-and-brazil-based-subsidiary-agree-pay-137-million-resolve-foreign-corrupt
  • https://www.justice.gov/usao-ma/pr/fresenius-medical-care-agrees-pay-231-million-resolve-foreign-corrupt-practices-act
  • https://www.justice.gov/opa/pr/samsung-heavy-industries-company-ltd-agrees-pay-75-million-global-penalties-resolve-foreign
  • https://www.justice.gov/opa/pr/hungary-subsidiary-microsoft-corporation-agrees-pay-87-million-criminal-penalties-resolve
  • https://www.sec.gov/news/press-release/2019-12
  • https://www.sec.gov/enforce/34-86740-s
  • https://www.sec.gov/enforce/34-86812-s