{"id":4397428,"date":"2023-08-18T11:21:20","date_gmt":"2023-08-18T16:21:20","guid":{"rendered":"https:\/\/www.olartemoure.com\/?p=4397428"},"modified":"2023-08-18T11:21:30","modified_gmt":"2023-08-18T16:21:30","slug":"fcpa-charges","status":"publish","type":"post","link":"https:\/\/olartemoure.com\/en\/fcpa-charges\/","title":{"rendered":"Colombian financial conglomerate settles FCPA charges"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; theme_builder_area=&#8221;post_content&#8221; _builder_version=&#8221;4.22.0&#8243; _module_preset=&#8221;default&#8221;][et_pb_row _builder_version=&#8221;4.22.0&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221; width=&#8221;100%&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][et_pb_column _builder_version=&#8221;4.22.0&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.22.0&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221; text_font_size=&#8221;1.2em&#8221; text_line_height=&#8221;1.5em&#8221; text_orientation=&#8221;justified&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>One of the most important <a href=\"https:\/\/www.olartemoure.com\/en\/financial-consumer-privacy-protection\/\" target=\"_blank\" rel=\"noopener\">financial<\/a> conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act (\u201cFCPA\u201d) breaches with the United States Securities and Exchange Commission (\u201cSEC\u201d).<\/p>\n<p>The SEC sanctioned a bribery scheme where approximately $28 million in unauthorized payments were funneled to Colombian public officials, to secure contract extensions that would benefit to a subsidiary.<\/p>\n<p>In a press release following the settlement, the SEC emphasized the significance of implementing controls and compliance programs to manage corruption risks associated with payments to third parties. In Colombia, the Transparency and Business Ethics Program stands out as one of the most important tools for this purpose.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the most important financial conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act.<\/p>\n","protected":false},"author":5,"featured_media":4397430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[59,155],"tags":[],"class_list":["post-4397428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter-en","category-compliance-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Financial conglomerate settles FCPA charges - OlarteMoure<\/title>\n<meta name=\"description\" content=\"One of the most important financial conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/olartemoure.com\/en\/fcpa-charges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colombian financial conglomerate settles FCPA charges\" \/>\n<meta property=\"og:description\" content=\"One of the most important financial conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/olartemoure.com\/en\/fcpa-charges\/\" \/>\n<meta property=\"og:site_name\" content=\"OlarteMoure | Intellectual Property\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-18T16:21:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-18T16:21:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/olartemoure.com\/wp-content\/uploads\/2023\/08\/FCPA-charges.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1601\" \/>\n\t<meta property=\"og:image:height\" content=\"837\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicole Diaz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nicole Diaz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/\"},\"author\":{\"name\":\"Nicole Diaz\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#\\\/schema\\\/person\\\/39418ad779f2cd1c62156f11faaf2e31\"},\"headline\":\"Colombian financial conglomerate settles FCPA charges\",\"datePublished\":\"2023-08-18T16:21:20+00:00\",\"dateModified\":\"2023-08-18T16:21:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/\"},\"wordCount\":211,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/FCPA-charges.jpg\",\"articleSection\":[\"Newsletter\",\"Compliance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/\",\"url\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/\",\"name\":\"Financial conglomerate settles FCPA charges - OlarteMoure\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/FCPA-charges.jpg\",\"datePublished\":\"2023-08-18T16:21:20+00:00\",\"dateModified\":\"2023-08-18T16:21:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#\\\/schema\\\/person\\\/39418ad779f2cd1c62156f11faaf2e31\"},\"description\":\"One of the most important financial conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/#primaryimage\",\"url\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/FCPA-charges.jpg\",\"contentUrl\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/FCPA-charges.jpg\",\"width\":1601,\"height\":837,\"caption\":\"FCPA charges\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/fcpa-charges\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Colombian financial conglomerate settles FCPA charges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#website\",\"url\":\"https:\\\/\\\/olartemoure.com\\\/\",\"name\":\"OlarteMoure | Intellectual Property\",\"description\":\"Firma especializada en Propiedad Intelectual\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/olartemoure.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#\\\/schema\\\/person\\\/39418ad779f2cd1c62156f11faaf2e31\",\"name\":\"Nicole Diaz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6e70a134bc45bb3d433d7aa60e3430b15ff974aaed0e63157795bc7a56800ee8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6e70a134bc45bb3d433d7aa60e3430b15ff974aaed0e63157795bc7a56800ee8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6e70a134bc45bb3d433d7aa60e3430b15ff974aaed0e63157795bc7a56800ee8?s=96&d=mm&r=g\",\"caption\":\"Nicole Diaz\"},\"sameAs\":[\"https:\\\/\\\/www.olartemoure.com\"],\"url\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/author\\\/webmaster\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Financial conglomerate settles FCPA charges - OlarteMoure","description":"One of the most important financial conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/olartemoure.com\/en\/fcpa-charges\/","og_locale":"en_US","og_type":"article","og_title":"Colombian financial conglomerate settles FCPA charges","og_description":"One of the most important financial conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act.","og_url":"https:\/\/olartemoure.com\/en\/fcpa-charges\/","og_site_name":"OlarteMoure | Intellectual Property","article_published_time":"2023-08-18T16:21:20+00:00","article_modified_time":"2023-08-18T16:21:30+00:00","og_image":[{"width":1601,"height":837,"url":"https:\/\/olartemoure.com\/wp-content\/uploads\/2023\/08\/FCPA-charges.jpg","type":"image\/jpeg"}],"author":"Nicole Diaz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nicole Diaz","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/#article","isPartOf":{"@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/"},"author":{"name":"Nicole Diaz","@id":"https:\/\/olartemoure.com\/#\/schema\/person\/39418ad779f2cd1c62156f11faaf2e31"},"headline":"Colombian financial conglomerate settles FCPA charges","datePublished":"2023-08-18T16:21:20+00:00","dateModified":"2023-08-18T16:21:30+00:00","mainEntityOfPage":{"@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/"},"wordCount":211,"commentCount":0,"image":{"@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/#primaryimage"},"thumbnailUrl":"https:\/\/olartemoure.com\/wp-content\/uploads\/2023\/08\/FCPA-charges.jpg","articleSection":["Newsletter","Compliance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/","url":"https:\/\/olartemoure.com\/en\/fcpa-charges\/","name":"Financial conglomerate settles FCPA charges - OlarteMoure","isPartOf":{"@id":"https:\/\/olartemoure.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/#primaryimage"},"image":{"@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/#primaryimage"},"thumbnailUrl":"https:\/\/olartemoure.com\/wp-content\/uploads\/2023\/08\/FCPA-charges.jpg","datePublished":"2023-08-18T16:21:20+00:00","dateModified":"2023-08-18T16:21:30+00:00","author":{"@id":"https:\/\/olartemoure.com\/#\/schema\/person\/39418ad779f2cd1c62156f11faaf2e31"},"description":"One of the most important financial conglomerates in Colombia has agreed to pay a fine of over USD$40 million to settle Foreign Corrupt Practices Act.","breadcrumb":{"@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/olartemoure.com\/en\/fcpa-charges\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/#primaryimage","url":"https:\/\/olartemoure.com\/wp-content\/uploads\/2023\/08\/FCPA-charges.jpg","contentUrl":"https:\/\/olartemoure.com\/wp-content\/uploads\/2023\/08\/FCPA-charges.jpg","width":1601,"height":837,"caption":"FCPA charges"},{"@type":"BreadcrumbList","@id":"https:\/\/olartemoure.com\/en\/fcpa-charges\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/olartemoure.com\/en\/"},{"@type":"ListItem","position":2,"name":"Colombian financial conglomerate settles FCPA charges"}]},{"@type":"WebSite","@id":"https:\/\/olartemoure.com\/#website","url":"https:\/\/olartemoure.com\/","name":"OlarteMoure | Intellectual Property","description":"Firma especializada en Propiedad Intelectual","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/olartemoure.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/olartemoure.com\/#\/schema\/person\/39418ad779f2cd1c62156f11faaf2e31","name":"Nicole Diaz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6e70a134bc45bb3d433d7aa60e3430b15ff974aaed0e63157795bc7a56800ee8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e70a134bc45bb3d433d7aa60e3430b15ff974aaed0e63157795bc7a56800ee8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6e70a134bc45bb3d433d7aa60e3430b15ff974aaed0e63157795bc7a56800ee8?s=96&d=mm&r=g","caption":"Nicole Diaz"},"sameAs":["https:\/\/www.olartemoure.com"],"url":"https:\/\/olartemoure.com\/en\/author\/webmaster\/"}]}},"_links":{"self":[{"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/posts\/4397428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/comments?post=4397428"}],"version-history":[{"count":0,"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/posts\/4397428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/media\/4397430"}],"wp:attachment":[{"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/media?parent=4397428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/categories?post=4397428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olartemoure.com\/en\/wp-json\/wp\/v2\/tags?post=4397428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}