Case studies

Technip

Following the imposition of a monitor in a joint resolution by the US Department of Justice (DOJ) and US Securities & Exchange Commission (SEC), Technip retained FRA to review the company’s anti-bribery measures and export control compliance program, provide forensic accounting and eDiscovery services and train the client’s internal audit staff to autonomously conduct future internal reviews.

Challenge

In 2010, Technip was facing charges under the US Foreign Corrupt Practices Act (FCPA) for its alleged participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement and construction (EPC) contracts. The EPC contracts to build liquefied natural gas (LNG) facilities on Bonny Island, Nigeria, were valued at more than $6 billion.

Action

Following the imposition of a monitor in a joint resolution by the US Department of Justice (DOJ) and US Securities & Exchange Commission (SEC), Technip retained FRA to review the company’s anti-bribery measures and export control compliance program, provide forensic accounting and eDiscovery services and train the client's internal audit staff to autonomously conduct future internal reviews.

Solution

In 2010, Technip agreed to pay a $240 million criminal penalty to resolve the FCPA charges.

Related contacts

Toby Duthie

Founding Partner

,

London

Rik Workman

Partner

,

London

Related expertise

Bribery and Corruption

Forensic Technology

Forensic Accounting

Governance, Risk Management and Compliance Enhancement

Company Monitor Support

eDiscovery, eDisclosure and Digital Forensics

Disgorgement and Penalty Calculations

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International Not-for-Profit Organization

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Rolls-Royce

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Bank Leumi

FRA was engaged to support the monitorship of an Israeli bank and its subsidiaries, who between 2000 and 2011 were found to have wilfully assisted US clients in opening and maintaining undeclared accounts in a foreign country, and concealing offshore assets and income from authorities.

Sanctions and the Russia-Ukraine War

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Multinational Insurance Firm

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