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Monday, October 1, 2012
Volume:
28
Issue:
10
Abstract:
On July 18, 2012, the U.S. Department of Justice (DOJ) entered into a non-prosecution agreement (NPA) with the NORDAM Group Inc., a provider of aircraft maintenance, repair and overhaul (MRO) services based in Tulsa, Oklahoma. Under the agreement NORDAM agreed to pay a $2 million penalty to settle violations of the Foreign Corrupt Practices Act (FCPA).[1]
[1] U.S. Department of Justice, The Nordam Group Inc. Resolves Foreign Corrupt Practices Act Violations and Agrees to Pay $2 Million Penalty, DOJ Press Release 12-881, July 17, 2012.