- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-03-28T19:53:00
Singapore-based commodity trading company Trafigura agreed to pay nearly $127 million as part of a resolution with the U.S. Department of Justice (DOJ) addressing violations of the Foreign Corrupt Practices Act (FCPA) in Brazil.
The company pleaded guilty to one count of conspiracy to violate the FCPA and was assessed a criminal penalty of approximately $80.5 million and forfeiture of about $46.5 million, the DOJ announced in a press release Thursday. The agency agreed to credit about $26.8 million of the criminal fine against amounts Trafigura pays to resolve related investigations by Brazilian authorities.
Trafigura disclosed in December it expected to pay $127 million related to the matter, which primarily occurred more than a decade ago.
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