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Violation Tracker Individual Record

Company: Safran S.A.
Current Parent Company: Safran
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $17,159,753
Year: 2022
Date: December 21, 2022
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: The Justice Department declined prosecution of Safran for Foreign Corrupt Practices Act violations in exchange for an agreement to disgorge over $17 million in profits by Safran's U.S. subsidiary Monogram Systems.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: declination
HQ Country of Current Parent: France
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: aerospace and military contracting
Specific Industry of Current Parent: aerospace & military contracting
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.