Defendant Name:
Amec Foster Wheeler Limited
Defendant Type:
Public Company
SIC Code:
8742
CUSIP:
00167X20
Document Reference:
34-92259
Document Details
Legal Case Name
In the Matter of Amec Foster Wheeler Limited
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
25-Jun-2021
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On June 25, 2021, the SEC instituted settled cease-and-desist proceedings against Amec Foster Wheeler Limited stating: "These proceedings arise out of a bribery scheme to obtain an oil and gas engineering and design contract in Brazil by respondent Amec Foster Wheeler Limited ("Amec Foster Wheeler"), formerly Foster Wheeler AG (collectively "Foster Wheeler"), a company that provided project, engineering, and technical services to energy and industrial markets in over 30 countries."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$17,656,302.00
Shared:
Pre-Judgment Interest
Individual:
$5,107,985.00
Shared:
Total Penalty
Individual:
$22,764,287.00
Shared:
