ADM’s FCPA Probe, Citigroup, EU Winegrowers: Compliance

Archer-Daniels-Midland Co., the world’s biggest corn processor, said in a filing with the U.S. Securities and Exchange Commission that it is talking to the SEC and the U.S. Justice Department about possible violations of the Foreign Corrupt Practices Act.

In its quarterly filing on Nov. 5, ADM said that since August 2008, it has been “conducting an internal review of its policies, procedures and internal controls pertaining to the adequacy of its anti-corruption compliance program and of certain transactions” that may have violated U.S. and foreign laws. The transactions, the company said, “primarily related” to grain and feed exports.