- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-02-21T20:07:00
Austrian-based Raiffeisen Bank International (RBI) said it received a request for information from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) regarding its business activities related to Russia and Ukraine.
In an investor news release Friday, the bank characterized the questions posed by OFAC as “general” in nature and said the regulator asked it to clarify business and related processes “maintained by RBI in light of the recent developments related to Russia and Ukraine.”
RBI said OFAC told it no specific transaction or business activity triggered the request. The bank said it is “cooperating fully” with the agency.
2023-08-10T19:01:00Z By Jeff Dale
The Treasury Department’s Office of Foreign Assets Control announced expanded sanctions against the Belarusian regime three years after the country’s disputed 2020 presidential election.
2023-05-23T12:57:00Z By Aaron Nicodemus
DXC Technology Company disclosed it might have violated U.S. sanctions and export controls against Russia in its sale of a Russian subsidiary.
2023-04-13T18:49:00Z By Aaron Nicodemus
The International Investment Bank, a multinational development institution headquartered in Hungary, was designated by the Office of Foreign Assets Control for potentially facilitating the evasion of U.S. sanctions against Russia.
2025-07-02T18:31:00Z By Aaron Nicodemus
Emerging enforcement priorities of the U.S. Department of Justice’s health care fraud division align with the Trump administration’s emphasis on prosecuting transnational criminal organizations and ending opioid trafficking.
2025-07-01T23:26:00Z By Oscar Gonzalez
Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
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