Go inside Honeywell’s profit-sharing/bribery scheme
The Honeywell FCPA Enforcement Action
What’s in this report from podcaster and compliance expert Tom Fox:
Honeywell International’s U.S.-based subsidiary settled an FCPA enforcement action with the DOJ and SEC, coughing up criminal penalties of about $79 million.
Podcaster and FCPA expert Tom Fox digs into the particulars of the case, including:
- How a corrupt employee of Petrobras, the Brazilian state-owned oil company, was given the code name “the King” and how he provided inside information that served as the basis of the bribery scheme.
- How ineffective Honeywell’s compliance function was.
- How the company remained partially in the government’s good graces through extreme cooperation.