Switzerland: SBM Offshore ordered to pay $7.5 million for failing to prevent corruption

Three Swiss-based subsidiaries of Dutch group SBM Offshore, which sells systems and services to the offshore oil and gas industry, were ordered to pay CHF7 million ($7.5M) by the Office of the Attorney General of Switzerland (OAG)  including a fine of CHF4.2 million ($4.5M) for failing to prevent corruption. In a press release, the OAG…

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