Aon pays $16.3mn to settle DoJ and SEC bribery allegations
Broker Aon has paid $16.3mn to US regulators and prosecutors to settle a case over bribes allegedly paid in developing countries.
The settlement includes a $1.76mn criminal fine to be paid to the Department of Justice as part of a non-prosecution agreement and about $14.55mn due to the Securities and Exchange Commission (SEC).
The case relates to payments made in overseas jurisdictions between 1983 and 2007.
The SEC alleged that Aon subsidiaries made more than $3.6mn in improper payments to...
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