This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

BHP Billiton reaches $25 million settlement agreement with SEC

( May 21, 2015, 14:48 GMT | Official Statement) -- MLex Summary: Anglo-Australian Mining conglomerate BHP Billiton announced that it has agreed to pay $25 million to resolve a SEC investigation into alleged violations of the Foreign Corrupt Practices Act (FCPA). The charges relate to a hospitality programme the company offered during its sponsorship of the 2008 Beijing Olympics, whereby it provided luxury hotels, sightseeing and tickets to sixty foreign officials. Whilst the SEC acknowledged that Billiton had made an effort to improve their compliance programme since the probe was launched, they were found guilty of not having the adequate internal controls in place in 2008 to address a heightented risk of violations of anti-corruption laws.BHP Billiton...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections