UK-based reinsurance brokers, Tysers Insurance Brokers Limited (Tysers) and H.W. Wood Limited (H.W. Wood), have resolved Foreign Corrupt Practices Act (FCPA) investigations by the US Justice Department. Both companies entered three-year deferred prosecution agreements (DPAs) after admitting to participating in a corrupt scheme to pay bribes to Ecuadorian government officials. The violations occurred between 2013 and 2017, with bribes totaling approximately $2.8 million paid to secure advantages in obtaining and retaining reinsurance business with Ecuadorian state-owned insurance companies. Tysers will pay a $36 million criminal penalty, while H.W. Wood’s penalty is $508,000 due to financial constraints. The companies are required to cooperate with ongoing or future investigations, enhance compliance programs, and provide progress reports to the Justice Department during the DPAs’ three-year term. Eight individuals have also been charged in related matters.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}