In court documents unsealed Jan. 28, a grand jury this month returned a 10-count indictment by two affiliates of Chinese telecommunications conglomerate Huawei Technologies for theft of trade secrets, wire fraud, and obstruction of justice.
Sanctions
Posted inFinancial Services
Waters builds new agenda for Financial Services Committee
With new leadership, Rep. Maxine Waters (D-Calif.), the House Financial Services Committee is setting its agenda for the new session of Congress.
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Leveraging data and technology for sanctions compliance: OFAC’s ’50 Percent Rule’
Complying with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) regulations on sanctions against foreign entities requires much more than checking a list of restricted companies and individuals.
Posted inSanctions
OFAC to lift sanctions on three Russian companies
The U.S. Department of the Treasury’s Office of Foreign Assets Control notified Congress on Dec. 19 of its intention to lift sanctions imposed on three Russian companies.
Posted inRisk Management
As tensions grow, so do China-related compliance risks
Tariffs, trade secrets, and arrests fuel high-risk scenarios for companies that do business with organizations in China.
Posted inRisk Management
As global politics get more complicated, geopolitical risks thrive
From sanctions to tariffs, the U.S. is increasingly a source of geopolitical risk. How can companies protect their own interests when it seems the world is against them?
Posted inEurope
Iran just the beginning of sanctions compliance debacle
European companies are winding down investments in Iran as the European Union advises them to hang in there while it looks for ways around U.S.-imposed sanctions.
Posted inEurope
It could get messy for U.S. companies doing business in EU
Don’t be surprised if the EU uses new data privacy laws to combat any secondary sanctions it might face by the Trump administration for continuing to do business in Iran.
