Anthony Stimler admitted to conspiring to both violate the Foreign Corrupt Practices Act and commit money laundering at a hearing in Manhattan federal court conducted by video, court records show.

Glencore is an Anglo-Swiss mining company and one of the world’s largest commodity traders. It confirmed that Stimler had been an employee, and in a statement said it has cooperated with probes by the U.S. Department of Justice and other authorities.

“The conduct described in the plea is unacceptable and has no place in Glencore,” the company said.