The U.S. Securities and Exchange Commission (SEC) charged Halliburton Company with violating the Foreign Corrupt Practices Act (FCPA) in the course of seeking oilfield services contracts in Angola from 2008 to 2010. The SEC found that Halliburton committed to using a particular local Angolan supplier that posed significant FCPA risks, and that a former Halliburton vice president, Jeannot Lorenz, circumvented important internal accounting controls when conducting the deal. Halliburton agreed to pay $29.2 million to settle the case. Halliburton also agreed to obtain an independent compliance consultant to oversee its anti-corruption policies and procedures in Africa. Jeannot Lorenz agreed to pay a $75,000 penalty for causing the company’s violations, circumventing internal accounting controls, and falsifying books and records. Halliburton and Lorenz consented to the SEC’s order without admitting or denying the findings.