Alcoa and a joint venture it controls will pay $384 million to settle civil and criminal charges that the aluminum producer's subsidiaries bribed officials in Bahrain, U.S. authorities said on Thursday.
The U.S. Securities and Exchange Commission and the U.S. Department of Justice announced separate settlements on Thursday morning.
The SEC said Alcoa's subsidiaries repeatedly bribed officials to retain the right to supply a government-controlled aluminum producer, Aluminium Bahrain, or Alba.
(Read more: Alcoa signs supply deal worth $110 million with Airbus)
"As the beneficiary of a long-running bribery scheme perpetrated by a closely controlled subsidiary, Alcoa is liable and must be held responsible," George Canellos, co-director of the SEC's enforcement division, said in a prepared statement.