Halliburton to Pay $29.2 Million Neither Admit Nor Deny SEC FCPA Charges

Halliburton Company will pay $29.2 million to settle allegations brought by the Securities and Exchange Commission (SEC) that the company violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in the course of winning lucrative oilfield services contracts. Halliburton’s former vice president Jeannot Lorenz has agreed to pay a $75,000 penalty for causing the company’s violations, circumventing internal accounting controls, and falsifying books and records.

— source corporatecrimereporter.com 2017-07-28

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