Department Of Justice And BAE Systems’ $400 Million Settlement Continues Trend Of Increased FCPA Enforcement


On March 1, 2010, BAE Systems, one of the largest military defense contractors in both Europe and the United States, pleaded guilty in U.S. federal court in the District of Columbia to one count of conspiracy to make false statements that impaired and impeded the lawful functions of the United States government. Specifically, through its guilty plea, BAE admitted that it made false statements about its implementation of and commitment to a Foreign Corrupt Practices Act (FCPA) compliance program. In addition, BAE admitted that it failed to identify commissions paid to promote the sale of its defense goods in applications for export licenses as required by the Arms Export Control Act. BAE agreed to pay a $400 million criminal fine, one of the largest-ever FCPA related settlements, to end the long-running investigations into alleged improper payments to foreign officials to secure lucrative defense contracts. BAE also agreed to certain reporting requirements and to retain an independent compliance monitor for a period of three years.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Wilson Sonsini Goodrich & Rosati | Attorney Advertising

Written by:


Wilson Sonsini Goodrich & Rosati on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.