RIO TINTO TO PAY SEC $15 MILLION OVER FOREIGN BRIBERY CHARGES

On 6 March, the Wall Street Journal reported that the mining and metals company Rio Tinto PLC had agreed to pay a $15 million civil penalty to settle a years-long probe into allegations it violated the FCPA foreign bribery law, according to the SEC.  It is said that the alleged payments prompted investigations in the UK, UK and Australia, following a disclosure of potential wrongdoing by the company in 2016.  

https://www.wsj.com/articles/rio-tinto-to-pay-sec-15-million-over-foreign-bribery-charges-3fd65a91

https://www.buymeacoffee.com/KoIvM842y

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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