By Kyle Brasseur2023-09-08T17:55:00
A landmark criminal resolution involving a Greek-based shipping company’s transport of nearly 1 million barrels of contraband crude oil from Iran was unsealed by the Department of Justice (DOJ).
Empire Navigation, operator of the Suez Rajan Limited vessel, pleaded guilty in April to violating the International Emergency Economic Powers Act by carrying the crude oil from the sanctioned Islamic Revolutionary Guard Corps (IRGC) to another country, the DOJ announced in a press release Friday. Empire was sentenced to pay a nearly $2.5 million fine in addition to three years of corporate probation as part of a deferred prosecution agreement.
The shipping company also agreed to transport the contraband cargo to the United States at its own expense. The cargo has arrived in the United States and is subject to a civil forfeiture action, the DOJ said.
2023-12-11T19:27:00Z By Kyle Brasseur
Five agencies of the U.S. government combined to issue best practices guidance for entities in the maritime and other transportation industries to help reduce risk of sanctions and export control violations and evasion efforts.
2023-09-22T16:01:00Z By Kyle Brasseur
New York-based Emigrant Bank agreed to pay nearly $32,000 as part of a settlement with the Office of Foreign Assets Control addressing apparent sanctions violations regarding an account it maintained for a pair of Iranian residents.
2023-09-12T16:51:00Z By Kyle Brasseur
The Department of Justice announced new positions in its National Security Division to support the agency’s crackdown on sanctions evasion, export control violations, and other forms of economic crime.
2025-10-16T20:38:00Z By Neil Hodge
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
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