The prosecution for corruption arises from the company's voluntary disclosure to the UK's Serious Fraud Office (SFO) of evidence to indicate that the company had sought to influence decision-makers in public contracts in Jamaica and Ghana between 1993 and 2001.
The prosecution for breach of UN sanctions is in relation for contracts in the Iraq 'Oil-for-food' programme.
The company cooperated with the SFO during the investigations. Fines of US$7.3 million have been imposed, together with reparations.
SFO Director Richard Alderman said: "This is a landmark outcome. The first conviction in this country of a company for overseas corruption and for breaking the UN Iraq sanctions and, satisfyingly, achieved quickly. The offences are serious ones but the company has played its part positively by recognising the unacceptability of those past business practices and by coming forward to report them and engage constructively with the SFO. I urge other companies who might see some parallels for them, to come and talk to us and have the matter dealt with quickly and fairly."
