SEC: GLOBAL STEEL PIPE MANUFACTURER TO PAY $78 MILLION TO SETTLE CHARGES RELATED TO BRAZILIAN BRIBERY SCHEME

A release on Mondo Visione on 3 June advised that the SEC had announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with a bribery scheme involving its Brazilian subsidiary.

https://mondovisione.com/media-and-resources/news/sec-charges-global-steel-pipe-manufacturer-with-violating-foreign-corrupt-practi/

https://fcpablog.com/2022/06/02/tenaris-pays-sec-78-million-to-settle-recidivist-fcpa-offenses/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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