Subscribe to our FinCrimes Update for news about the Foreign Corrupt Practices Act and related prosecutions and enforcement actions.
On June 3, the UK Serious Fraud Office (SFO) announced that it had fined FH Bertling Ltd £850,000 (approximately $1.08 million) for bribes paid to secure contracts in Angola. The SFO started investigating FH Bertling in September 2014 and announced in July 2016 that it had charged the company and seven individuals with making corrupt payments. FH Bertling pleaded guilty in 2017. The SFO found that FH Bertling executives had bribed an agent of the Angolan state oil company to obtain $20 million worth of shipping contracts.
On January 11, the U.K.’s Serious Fraud Office (SFO) announced that four more individuals were sentenced in connection with a bribery scheme involving an F.H. Bertling Ltd. oil exploration project in the North Sea. Three of the individuals—one former agent of ConocoPhillips and two former F.H. Bertling directors—pleaded guilty prior to the trial. They received 6, 12, and 15 month prison sentences, although their terms are suspended for two years. The two former directors were also ordered to pay fines of £15,000 and £20,000. The fourth individual, F.H. Bertling’s former chief commercial officer, was convicted at trial. He received 9 months’ imprisonment (also suspended for two years), and was ordered to pay a £5,000 fine.
On September 15, F.H. Bertling Ltd., a logistics and shipping company, and six of its current and former directors pleaded guilty in the U.K. to charges of conspiracy to pay bribes in Angola. The trial against a seventh man charged in the conspiracy started this week in London. The U.K.’s Serious Fraud Office charged the company and the seven individuals last year with allegedly paying bribes when F.H. Bertling was seeking to obtain freight forwarding services contracts with the Angolan state oil company, Sonangol, between January 2005 and December 2006.
SFO Charges Additional Individual Defendant in Connection with F.H. Bertling North Sea Investigation
The United Kingdom’s Serious Fraud Office (SFO) has reportedly charged the former chief commercial officer of F.H. Bertling Ltd. with two counts of conspiracy to make corrupt payments to assist F.H. Bertling with attaining or retaining contracts for freight forwarding services to the North Sea oil exploration project Jasmine. The former executive is the seventh individual charged, in addition to the company, with violations of section 1 of the UK Prevention of Corruption Act 1906 and section 1 of the Criminal Law Act 1977 for alleged conduct between January 2010 and May 2013 in connection with the Jasmine project.
The charges follow on the heels of separate corruption charges against the company and other individuals related to an Angolan project. Last July, the SFO charged F.H. Bertling and seven individuals with violation of section 1 of the Prevention of Corruption Act 1906 and section 1 of the Criminal Law Act 1977 through conspiring to make corrupt payments between January 2005 and December 2006 to an agent of the Angolan state oil company, Sonangol, in order to facilitate F.H. Bertling’s freight forwarding business operations and contracts in Angola.
- Jedd R. Bellman to discuss “The CFPB’s crackdown on collection junk fees and the growing anti-CFPB rhetoric” at an Accounts Recovery webinar
- Benjamin W. Hutten to discuss “Latest on AML regulations and impact of economic sanctions” at a Mortgage Bankers Association webinar
- Benjamin W. Hutten to discuss “Fundamentals of financial crime compliance” at the Practicing Law Institute
- Benjamin W. Hutten to discuss “Ongoing CDD: Operational considerations” at NAFCU’s Regulatory Compliance & BSA Seminar