Archer-Daniels-Midland Subsidiary Pleads Guilty to FCPA Violations and U.S. Parent Enters into Non-Prosecution Agreement

On December 20, 2013, Alfred C. Toepfer International Ukraine Ltd.)(ACTI Ukraine), a subsidiary of Archer Daniels Midland Company (ADM), pleaded guilty and agreed to pay more than $17 million in criminal fines to resolve charges that it paid bribes through vendors to Ukrainian government officials to obtain value-added tax (VAT) refunds, in violation of the Foreign Corrupt Practices Act (FCPA).[1]   Also on December 20, 2013, the Securities and Exchange Commission announced a settlement with ADM, in which ADM has agreed to pay more than $36 million to settle the SEC’s charges.[2]