Following the much-publicized US$422 million trilateral Keppel Offshore & Marine resolution, Singapore has introduced a DPA framework. The resolution was reached in late 2017 to settle anti-corruption charges posed by regulators in the United States, Brazil and Singapore. As part of the resolution, KOM entered into a deferred prosecution agreement with the United States’ Department of Justice, while Singapore’s Corrupt Practices Investigation Bureau (CPIB) issued a conditional warning in lieu of prosecution. Consequently, this resolution triggered a landmark change in Singapore’s anti-corruption legislative framework. Click here to read our summary of the new framework.
