Colombian Conglomerate and Subsidiary Settles FCPA Offenses for $80.8 Million
Grupo Aval Acciones y Valores S.A., a prominent Colombian conglomerate, along with its banking subsidiary, has agreed to pay a total of $80.8 million to settle Foreign Corrupt Practices Act (FCPA) offenses. The resolution stems from activities related to a toll road project in Colombia and underscores the company's commitment to address legal concerns.