The Department of Justice (DOJ) won’t prosecute German-based Robert Bosch GmbH (Bosch) for export violations under the Criminal Division’s Corporate Enforcement and Voluntary Self-Disclosure Policy (CEP). It is the first corporate declination under the CEP, which credits self-disclosure and self-remediation. The CEP, issued in March, credits corporations that self-disclose misconduct, cooperate with the DOJ investigation […]
sanctions
Posted inSanctions
U.S. ramps up penalties to criminal level for those dealing with sanctioned Brazilian groups
Two Brazilian groups, Comando Vermelho and Primeiro Comando da Capital, will be designated as Foreign Terrorist Organizations by the U.S. State Department, beginning today. Any person who knowingly engages in financial transactions with the group risks criminal liability.
Posted inSanctions
Indian company pays OFAC $275M over alleged Iranian sanctions violations
An Indian company has agreed to pay $275 million to settle allegations that it purchased Iranian liquefied petroleum gas in violation of U.S. sanctions, the U.S. Department of the Treasury’s Office of Foreign Assets Control announced Monday.
Posted inSanctions
EU’s 20th Russian Sanctions Package extends compliance to third parties and anti-circumvention measures
The EU has intensified its focus on sanctions circumvention and the supply of Russian oil in a clear signal that the energy crisis caused by the closure of the Strait of Hormuz will not weaken its efforts to sever Russian cashflows.
