As part of a know-your-customer (KYC) program, an investment bank engaged Gryphon to investigate the assets and political connections of a wealthy Brazilian family to assess their connection to a FCPA scandal linked to a large multinational corporation.

Gryphon’s investigation disclosed that one family member had been sentenced to prison for paying bribes to government officials and submitting fraudulent bids to secure contracts on behalf of the multinational. Gryphon also developed a confidential source that provided copies of contracts showing that the Brazilian family planned to illegally compensate the multinational corporation for awarding contracts to a business controlled by the family, providing clear evidence of the family’s direct involvement in the FCPA scandal. 

As a result of our investigation, our client was able to avoid any reputational or business risks associated with doing business with this family.