By
Ruth Prickett2026-01-15T19:48:00
President Donald Trump’s military intervention in Venezuela has sent a message across the world that he regards resources as critical to U.S. national security and will act to secure them. In Venezuela, this primarily means crude oil reserves. However, oil is not the only valuable resource in the U.S. sights – rare minerals and metals are essential to many industries and look set to become increasingly politicized.
While companies may currently be assessing new risks and opportunities in Venezuela, compliance officers should therefore be studying geopolitics and learning from peers in the oil and gas sector. They should become accustomed to working in a rapidly changing, politicized environment.
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2025-09-09T16:51:00Z By Oscar Gonzalez
A Houston-based freight forwarder, Fracht FWO Inc., will pay $1.6 million for violating U.S. sanctions tied to Venezuela and Iran, according to the Treasury Department’s Office of Foreign Assets Control (OFAC). The fine comes as OFAC ramps up enforcement in recent months.
2024-11-11T17:09:00Z By Aaron Nicodemus
A subsidiary of Spanish telecommunications provider Telefónica S.A. will pay $85.2 million to settle a charge that it violated the Foreign Corrupt Practices Act when it paid bribes to Venezuelan officials to gain preferential access to a currency auction.
2023-10-20T12:28:00Z By Kyle Brasseur
The U.S. Treasury Department dialed back certain of its sanctions against Venezuela after the latter’s government and an opposition faction agreed to work together toward the prospect of a presidential election in 2024.
2026-01-05T13:30:00Z By Ruth Prickett
The first EU standard to drive conformity and facilitate enforcement of the EU AI Act has been published in draft and circulated for feedback among the countries involved, and compliance managers should prepare for it to be finalized and published by the end of 2026.
2025-11-03T19:09:00Z By Ruth Prickett
The energy sector faces rising regulatory activity, with more rules and enforcement. Bribery, corruption, and sanctions now dominate compliance concerns, driving rapid change and pressure on compliance officers.
2025-10-20T19:28:00Z By Neil Hodge
Companies face increased risk of cyberattacks, data loss, and even regulatory action because employees are using unapproved “shadow AI” tools to help with work-related tasks.
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