According to the Wall Street Journal, well-known chemical manufacturer, Albemarle, reached an agreement in principle with U.S. authorities to pay a $218.5 million fine to resolve an investigation into potential improper payments by third-party sales representatives.
- Although Albemarle started as a paper mill in 1887, what is its major production now?
- Where is Albemarle located?
- What will be the sanctions or requirements for this violation besides the fine?
- What is the FCPA?
Tokar, D. (2023). Albemarle to Pay $218.5 Million to Settle Foreign Bribery Probe. The Wall Street Journal, Aug. 3. (Retrievable online at https://www.msn.com/en-us/money/markets/albemarle-to-pay-218-5-million-to-settle-foreign-bribery-probe)