Sanctions


Race2020

NAVEX Global: Top 10 compliance trends for 2020

2020-01-17T19:20:00+00:00By

A recent Webinar, and complementary report, from NAVEX Global offers a look at the top 10 risk and compliance trends for 2020.

ExxonMobil

Will ExxonMobil’s victory in sanctions case mean more pushback?

2020-01-17T18:01:00+00:00By

ExxonMobil’s victory in a sanctions case before a federal court just might empower others in the regulated community to challenge the imposition of fines for alleged violations of sanctions regulations.

USIranChess

OFAC designates new sanctions against Iran’s metals industry

2020-01-13T17:24:00+00:00By

Sanctions compliance officers should be on alert following several new sanctions designated by the Office of Foreign Assets Control against Iran’s largest steel, aluminum, copper, and iron manufacturers.

Gavel

Exxon wins legal battle with OFAC over sanctions violation

2020-01-03T17:23:00+00:00By

A federal judge ruled this week Exxon will not have to pay a $2 million civil penalty levied by OFAC in 2017 for violating Ukraine-related sanctions regulations.

JusticeDepartment

DOJ revises export control and sanctions enforcement policy

2019-12-16T20:12:00+00:00By

The Department of Justice has revised its policy regarding voluntary disclosures of export control and sanctions violations.

Columnist_Hodge

WADA mess: Sports regulator’s light touch sends bad compliance message

2019-12-13T15:55:00+00:00By

One of sports’ key enforcement agencies handed out a penalty this week that sent a message no regulator wants to send: Punitive action may only come after the guilty party has already reaped the rewards.

HumanRights

Treasury sanctions 18 individuals connected to human rights abuse

2019-12-10T18:30:00+00:00By

The Office of Foreign Assets Control has added 18 individuals across six geographies to its Specially Designated Nationals list for their roles in serious human rights abuse. Six entities have also been added to the list.

ArrowsUp

Study: Spike in OFAC sanctions pose compliance challenges

2019-12-06T20:04:00+00:00By

Some companies might scramble to comply with more—and sometimes quickly shifting—sanctions requirements as the U.S. government chalks up record enforcement levels.

Apple

OFAC: Apple shows ‘reckless disregard’ for sanctions in ‘non-egregious’ violation

2019-11-26T17:11:00+00:00By

The Treasury Department’s Office of Foreign Assets Control had harsh words for Apple’s sanctions compliance program in announcing a not-so-hefty $466,912 settlement with the technology giant.

Huawei logo

Reports: Huawei dangles incentives to overcome U.S. sanctions

2019-11-13T21:21:00+00:00By

Chinese telecommunications giant Huawei is reportedly offering cash rewards to employees aiding its struggle against significant U.S. sanctions.

Refinitiv Sanctions

e-Book: Navigating the Hazardous World of Global Sanctions

2019-10-31T07:23:00+00:00Provided by

The world of global sanctions compliance is only growing more complex, not simpler. This can’t-miss e-Book, produced by Compliance Week in collaboration with Refinitiv, will help compliance officers and corporate counsel navigate through these legal and regulatory complexities.

WorldBankGroup

World Bank Group debars MTZ Equipment for fraud

2019-10-30T17:12:00+00:00By

The World Bank has imposed a 30-month debarment on Canada-based MTZ Equipment for fraudulent practices connected to Afghanistan’s On-Farm Water Management Project.

Tarriffs

USTR will soon accept tariff exclusion requests

2019-10-22T18:17:00+01:00By

The Office of the U.S. Trade Representative will begin accepting tariff exclusion requests on Oct. 31 for Chinese imports subject to an additional 15 percent tariff that took effect Sept. 1.

TerroristMoney

What banking CCOs need to know about new terrorist funding order

2019-09-13T14:42:00+01:00By

Impacted financial institutions, including cryptocurrency exchangers, may want to review know-your-customer policies and anti-money laundering compliance in light of President Trump’s executive order.

Audit

PCAOB sanctions Marcum over auditor independence issues

2019-09-11T17:59:00+01:00By

The PCAOB has settled disciplinary actions with audit firm Marcum, an affiliated firm, and its former auditor independence leader over independence violations.

ChinaUSTradeWar

How industries are responding to the escalating U.S.-China trade war

2019-09-06T15:36:00+01:00By

While the escalating tit-for-tat trade war and increasing tariff rate hikes between the U.S. and China cannot be controlled, proactive companies are learning to swing with the punches—from diversifying their supply chains to shifting their production lines elsewhere.