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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
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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.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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