From April through June, there were two corporate FCPA enforcement actions. There were also two individual guilty pleas, with one -- by Joseph Sigelman in the midst of his FCPA trial -- resulting in probation only and no jail time.
Entries in Gold Fields (4)
South African miner Gold Fields Ltd. issued a statement Monday saying the SEC closed its FCPA investigation and won't recommend an enforcement action against the company.
Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.
Listing shares internationally often carries unwelcome regulatory and compliance risks. This was recently highlighted by the SFO’s corruption probe into the London-listed Kazakh miner ENRC, shortly to be delisted, as well as probes into Indonesia miner and London-listed Bumi plc, and most recently by the SEC’s investigation of South Africa’s Gold Fields, which has a secondary New York listing.