Federal prosecutors have been stepping up their Foreign Corrupt Practices Act enforcement efforts in recent months — see the first-ever undercover sting that netted 22 indictments in January — and on Friday they landed a big catch they’d been targeting for for some time.
BAE Systems, the largest military contractor in Europe, has agreed to pay nearly $450 million as part of a global settlement with the U.S. Justice Department and the U.K.’s Serious Fraud Office that will resolve longstanding allegations of foreign corruption.
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