All Syria articles

  • Syria
    Article

    OFAC fines French bank UBAF $8.6M for Syria-related sanctions violations

    2021-01-05T17:28:00Z

    The Office of Foreign Assets Control settled with a French bank for processing payments on behalf of sanctioned Syrian financial institutions that were followed by corresponding funds transfers through the U.S. financial system.

  • BitGo
    Article

    BitGo fined $99K for digital currency sanctions violations

    2020-12-31T15:12:00Z

    The Office of Foreign Assets Control announced an approximately $99,000 settlement with digital asset platform BitGo for lapses in its sanctions compliance procedures that led to 183 apparent violations of multiple sanctions programs.

  • Sanctions
    Article

    OFAC fines Saudi bank for Sudan/Syria sanctions violations

    2020-12-29T15:57:00Z

    The Office of Foreign Assets Control announced a $650,000 settlement with a Saudi Arabian bank for apparent violations of sanctions against Sudan and Syria related to transactions that took place via the U.S. financial system.

  • Iran
    Article

    Keysight Technologies to pay $473K for sanctioned dealings in Iran

    2020-09-25T15:58:00Z

    Keysight Technologies, a successor entity to Anite Finland, has reached a $473,157 settlement with the U.S. Department of the Treasury’s Office of Foreign Assets Control regarding subsidiary dealings in the sanctioned country of Iran.

  • Amazon
    Article

    Amazon pays $135K to settle OFAC screening violations

    2020-07-08T16:38:00Z

    Amazon will pay approximately $135,000 as part of a settlement with the Office of Foreign Assets Control regarding apparent sanctions violations derived from deficient screening processes.

  • Blog post

    What is the price for profits?

    2018-03-14T12:45:00Z

    LaFargeHolcim, a global construction materials and solutions company, is facing an investigation after it was uncovered that its Syrian operations funded terrorist groups to keep a cement plant operating.

  • Blog post

    LafargeHolcim CEO latest victim of non-compliance

    2017-04-24T14:30:00Z

    LafargeHolcim CEO Eric Olsen will resign on 15 July this year, in response to the company’s enquiry into the conduct of its Syrian subsidiary between 2010 and September 2014, in which the subsidiary did business with terrorists who had taken control of the territory surrounding the LafargeHolcim’s cement plant.