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Boston Consulting Group Reaches Resolution with US Department of Justice

  • BCG Voluntarily Self-Disclosed Matter to the DOJ and Fully Cooperated with the DOJ
  • BCG Will Disgorge Related Profits from Past Activities in Angola
  • Significant Investments Made by BCG to Enhance Risk and Compliance Programs

BOSTON—The US Department of Justice (DOJ) declined to prosecute BCG under the Foreign Corrupt Practices Act for conduct related to certain employees’ activities in Angola from 2011 to 2017. In declining to prosecute, the DOJ cited BCG’s voluntary self-disclosure, full cooperation, and compliance enhancements. In resolving the matter, BCG will disgorge $14.4 million, which the DOJ calculated to reflect BCG’s profits from the impacted work in Angola.

Between 2011 and 2017, certain BCG employees improperly paid a third party to secure business. Upon discovery of this, BCG promptly self-disclosed the matter to the DOJ. BCG exited the individuals from the firm and has since closed the office in Luanda, Angola. BCG has also continued to significantly strengthen its compliance function, internal controls, and training.

Media Contact:
Brian Bannister
+44 7733 886145
bannister.brian@bcg.com

NOTE TO EDITORS:
Over the last decade, BCG has made substantial and ongoing investments in its risk and compliance functions. These include:

  • Reinforcing BCG’s culture: providing regular and targeted mandatory trainings and communications on our purpose, values, Code of Conduct, and Ombudsperson channels, which promote a speak up culture
  • Enhancing our policies, processes, and controls: strengthening internal controls relating to anti-bribery and corruption due diligence and management of third-party relationships
  • Scaling our Risk & Compliance function: adding professionals and embedding a global network of risk & compliance focused Managing Directors and Partners
  • Improving our systems and technology: setting up digital solutions to drive data-driven risk & compliance decisions, monitoring, and testing

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