Defendant Name: Amec Foster Wheeler Limited

Defendant Type: Public Company

Document Reference: 2021-112

Document Details

Legal Case Name In the Matter of Amec Foster Wheeler Limited
Document Name SEC charges Amec Foster Wheeler Limited With FCPA Violations Related To Brazilian Bribery Scheme
Document Date 25-Jun-2021
Document Format Administrative Proceeding
File Number 3-20373
Allegation Type Foreign Corrupt Practices Act
Document Summary The SEC "announced charges against Amec Foster Wheeler Limited (Foster Wheeler) for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme that took place in Brazil. As part of coordinated resolutions with the SEC, the U.S. Department of Justice, the Brazil Controladoria- General da Uniᾶo (CGU)/Advocacia-Geral da Uniᾶo (AGU) and the Ministério Publico Federal (MPF), and the United Kingdom Serious Fraud Office (SFO), the company has agreed to pay more than $43 million related to this scheme, including more than $10.1 million to settle the SEC's charges."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Disgorgement

Individual:     $22,700,000.00 Shared:    

Pre-Judgment Interest

(Penalty was noted in document, but no amount was listed)

Related Documents:

34-92259 25-Jun-2021 Administrative Proceeding
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
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."