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FCPA: Frank’s International pays $8m for bribing Angolan officials

Oil and gas field
Photo: Mario Tama/Getty Images

Payments made over six-year period through a sales agent without due diligence.

Netherlands-based oil and gas services provider Frank’s International NV agreed Wednesday to pay the SEC $8m to resolve Foreign Corrupt Practices Act (FCPA) violations for bribing Angolan officials through a sales agent.

Frank’s, now known as Expro Group Holdings NV, was charged by the SEC in an