Defendant Name:
Grupo Aval Acciones y Valores S.A.
Defendant Type:
Public Company
Document Reference:
2023-151
Document Details
Legal Case Name
In the Matter of Grupo Aval Acciones Y Valores S.A. and Corporación Financiera Colombiana S.A.
Document Name
Colombian Conglomerate Grupo Aval and Its Bank Subsidiary to Pay $40 Million to Settle FCPA Violations
Document Date
10-Aug-2023
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On August 10, 2023, the SEC "charged Colombian conglomerate Grupo Aval Acciones y Valores S.A., aka Grupo Aval S.A., and its bank subsidiary, Corporación Financiera Colombiana S.A. (Corficolombiana), with violating the Foreign Corrupt Practices Act (FCPA). Grupo Aval, whose shares are traded on the New York Stock Exchange, agreed to pay $40 million to settle the SEC charges."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Total Penalty
Individual:
$40,000,000.00
Shared:
Other Defendants in Action: