SOCGEN To Pay Over $1 Billion in Penalties over FCPA Violations and Manipulation of Libor Rate
■ ■ ■ June 14, 2018 On June 4, 2018 the U.S. Department of Justice ("DOJ") announced that Société Générale S.A. ("SocGen"), a global financial services institution based in Paris, France and its wholly owned subsidiary agreed to pay penalties of $860 million to resolve foreign bribery charges with U.S. and French authorities, including the Foreign Corrupt Practices Act (FCPA). SocGen also agreed to pay approximately $475 million in regulatory penalties and disgorgement t