Vitol FCPA Settlement Archives - Corruption, Crime & Compliance

6 Jan, 2021

2020 Year in Review: Interesting Enforcement Actions (Part III of IV)

DOJ and the SEC each had a great year in FCPA enforcement. But it is important to acknowledge that the blockbuster case, Goldman Sachs, was the driver of this successful year. Goldman Sachs Goldman Sachs paid DOJ and the SEC nearly $4 billion in fines and disgorgement. DOJ has reccivered nearly $1` billion in assets through its forfeiture initiative. Goldman Sachs was a massive and...

Podcasts

22 Dec, 2020

Episode 175 — A Deep Dive into the Vitol FCPA Settlement

The Justice Department continues to produce FCPA resolutions in a record year for enforcement. The latest is DOJ’s settlement with Vitol, Inc. (Vitol), an energy trading company. DOJ agreed to a three-year deferred prosecution agreement (DPA) in exchange for a criminal penalty of $135 million. One-third of the payment, or $45 million, would be credited if Vitol pays $45 million to Brazil prosecutors for resolution of the case....