By Jeff Dale2023-04-20T16:34:00
Taiwan-based DES International Co. and Brunei-based Soltech Industry Co. each agreed to pay fines of $83,769 after pleading guilty to Department of Justice (DOJ) charges of conspiring to violate U.S. export laws and sanctions by sending U.S.-origin goods to Iran.
The two business organizations were affiliated with each other through common directors, employees, and customers, the DOJ said in a press release Tuesday.
The companies procured goods from the United States for the benefit of Iranian government entities and business organizations, the DOJ said, with a sales agent for both DES and Soltech helping an Iranian research center obtain U.S. goods without a license from the U.S. Treasury Department.
2023-05-05T18:26:00Z By Aaron Nicodemus
The United States is preparing to issue sanctions on individuals and entities it considers responsible for perpetrating civil unrest in Sudan.
2023-03-30T21:05:00Z By Aaron Nicodemus
Wells Fargo will pay nearly $98 million to settle charges a subsidiary facilitated more than $532 million worth of prohibited transactions in violation of sanctions against Iran, Syria, and Sudan.
2022-11-28T21:05:00Z By Aaron Nicodemus
Virtual currency exchange Kraken will pay a fine of approximately $362,159 to settle charges it violated U.S. sanctions against Iran, according to the Treasury Department’s Office of Foreign Assets Control.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
2025-09-11T20:53:00Z By Neil Hodge
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
2025-09-10T22:24:00Z By Adrianne Appel
California, Colorado, and Connecticut launched a joint enforcement sweep against businesses that fail to honor consumers’ online opt-out requests, the states announced Tuesday.
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