U.S. and Colombia Do First Joint Resolution of Criminal Case in Odebrecht Bribery Case

On August 10, 2023, the United States and Colombian Governments did the first joint resolution of a criminal case as Corporación Financiera Colombiana S.A. (Corficolombiana), a Colombian financial services institution,[1] has agreed to pay $80 million to resolve parallel bribery investigations by criminal, civil, and administrative authorities in the United States and Colombia arising from the company’s participation in a scheme to pay millions of dollars in bribes to high-ranking government officials in Colombia.[2]