Aon Corporation, an insurance brokerage firm, will pay over $16.2 million to settle allegations that it violated the Foreign Corrupt Practices Act by making improper payments to government officials in countries such as Vietnam, Costa Rica, Egypt, and the United Arab Emirates.  According to the government, the company’s subsidiaries paid over $3.6 million in bribes, including reimbursing government officials for what appeared to be recreational travel.  Furthermore, these payments were not accurately recorded in Aon’s books.

The corporation will pay $1.76 million to resolve its criminal liability and admit to its accounting errors, but has entered into a non-prosecution agreement with the Justice Department with respect to the other criminal allegations.  To resolve the civil case filed by the SEC, which was also based upon violations of the Foreign Corrupt Practices Act, Aon will pay $14.5 million in disgorgement and interest.

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