The investigation, which started in the first quarter of 2012, was carried out by independent external counsel and forensic accountants and focused on the use of agents from 2007 through to 2011.
It found that the company paid about $200 million in commissions to agents in Equatorial Guinea, Angola and Brazil.
“In respect of Angola and Equatorial Guinea there is some evidence that payments may have been made directly or indirectly to government officials,” SBM said.
“In