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Violation Tracker Individual Record

Company: Telefonica Venezolana C.A.
Penalty: $85,200,000
Year: 2024
Date: November 8, 2024
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Mega-Scandal: Foreign Bribery
Violation Description: Telefonica Venezolana C.A., a Venezuela-based subsidiary of Telefonica S.A., a publicly traded global telecommunications operator based in Spain, agreed to pay over $85 million to resolve an investigation by the Justice Department into a scheme to bribe government officials in Venezuela to receive preferential access to U.S. dollars in a currency auction.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.