On May 20, BHP Billiton Ltd. and BHP Billiton Plc (BHPB), a global resources company that sponsored the 2008 Beijing Summer Olympic Games, settled Securities and Exchange Commission charges of Foreign Corrupt Practices Act (FCPA) violations. The SEC found that BHPB violated the FCPA by failing to devise and maintain internal controls over a global hospitality program that used BHPB’s Olympics sponsorship as a platform to entertain government officials.
Continue Reading Former Olympic Games Sponsor Settles With SEC for $25 Million Over FCPA Violations