Halliburton Agrees to $29.2 Million Penalty with SEC to Settle FCPA Violations in Angola

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Author: 

Bruce Zagaris

Date Published: 

Friday, August 4, 2017

Volume: 

33

Issue: 

8

Subject Areas: 

Corruption
Foreign Corrupt Practices Act

Geographic Identifier: 

Angola
United States

Abstract: 

On July 27, 2017, the Securities and Exchange Commission (SEC) charged Halliburton Company with  violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA), when it selected and made payments to a local company in Angola in order to win lucrative oilfield services contracts.