A Guide to Recent Prosecutions Related to the PetroEcuador Scandal

Anti-Corruption Report

09.18.2019

In this article, James Tillen and Nicole Gökçebay analyze the U.S. prosecutions resulting from the PetroEcuador bribery scandal, which have resulted in eight guilty pleas to date. "Many of the players in the scandal used the U.S. banking system to transfer and receive bribes, providing U.S. prosecutors with a hook to bring actions in the United States," the authors wrote. "These actions show how U.S. authorities use anti-money laundering laws to augment the FCPA in combatting international corruption. The individual prosecutions brought by the DOJ fall into three categories: 1) the bribe payors, 2) the bribe receivers and 3) the bribe facilitators."