Florida asphalt shipping company Sargeant Marine has pled guilty to a multi-year, multi-country $38m bribery scheme, following admissions from several executives.

The company agreed to pay a $16m on Tuesday under the Foreign Corrupt Practices Act (FCPA) after being accused of paying off officials in Brazil, Ecuador and Venezuela to secure deals with their state oil companies.

"The FBI is dedicated to rooting corruption out of our market, keeping the United States fair for vendors and consumers alike," FBI assistant director Calvin Shivers said in a statement.