Aon To Fork Over $16M In Deal Ending FCPA Case

Law360, New York (December 20, 2011, 5:24 PM EST) -- Aon Corp., one of the world's largest insurance brokerage firms, will pay $16.3 million to resolve criminal and civil allegations that it doled out improper payments and benefits to officials in Costa Rica and other foreign countries, federal regulators announced Tuesday.

The U.S. Securities and Exchange Commission said Aon would pay $14.5 million in disgorgement and prejudgment interest under a settlement lodged in Washington federal court. The agency had claimed Aon subsidiaries had made $3.6 million in improper payments between 1983 and 2007 to obtain or...
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