Noncompliance Examples

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5 Terms

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Binance

Crypto exchange charged with Anti-Money Laundering (AML) violations led to a 2023 settlement.

$4B in penalties

CEO forced to resign; sentenced to 4 months in prison

2
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Ericsson

Telecom giant’s foreign Corrupt Practiced Act (FCPA) violations resulted in two rounds of charges

$1B penalty in 2019

Breaches of initial settlement resulted in further $207M penalty in 2023

3
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Albermarie Corp

Chemicals company in North Carolina charged with FCPA violations in 2023

$218M in penalties

Avoided prosecution and compliance monitor due to self-reporting

4
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Trafigura

Swiss commodities trader charged with FCPA violations

$127M in penalties

3-year plea deal

Mandated compliance program overhaul

5
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Freepoint Commodities

Connecticut-based trading firm charged with FCPA violations

$98M in penalties

Saved $12M in penalties through cooperation and compliance program overhaul