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Aon Corporation Agrees to Pay a $1.76 Million Criminal Penalty to Resolve Violations of the Foreign Corrupt Practices Act—12/20/11

One of the largest insurance brokerage companies in the world, Aon Corporation, has agreed with the DOJ to pay a $1.76 million penalty to settle violations of the Foreign Corrupt Practices Act (FCPA). The agreement states that Aon’s UK subsidiary used funds—given for education and training purposes relating to its reinsurance business with Instituto Nacional De Seguros (INS) in Costa Rica—to reimburse INS officials for travel expenses with their spouses or for other unspecified, non-legitimate business purposes.

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