Violation Tracker Individual Record

Company: 
SBM Offshore N.V.
Current Parent Company: 
SBM Offshore
Penalty: 
$238,000,000
Year: 
2017
Date: 
November 29, 2017
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

SBM Offshore N.V., a Netherlands-based company specializing in the manufacture and design of offshore oil drilling equipment, and its wholly owned U.S. subsidiary, SBM Offshore USA Inc., agreed to resolve criminal charges and pay a criminal penalty of $238 million in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq in violation of the Foreign Corrupt Practices Act. The parent company received a deferred prosecution agreement while the subsidiary pleaded guilty.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
plea & deferred prosecution agreement
HQ Country of Parent: 
Netherlands
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oilfield services and supplies
Specific Industry of Parent: 
oilfield services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.