Rio Tinto (ASX:RIO) has agreed to pay a US$15M civil penalty to the U.S. Securities and Exchange Commission (SEC) for violations of the Foreign Corrupt Practices Act (FCPA).
The penalty is related to contractual payments made to a former consultant in 2011 concerning the Simandou project in the Republic of Guinea.
Rio Tinto says its taken action to enhance its compliance programme and is committed to conducting business with integrity.
Its share price is down 0.74% this afternoon.