All Trade Sanctions articles

  • Blog post

    Untargeted sanctions and compliance

    2018-08-15T15:00:00Z

    The Trump Administration is following a pattern of trade sanctions that appear to have no targeted purpose, save that of sowing chaos.

  • Blog post

    Banking Committee advances CFIUS bill, hits Trump on ZTE

    2018-05-24T15:30:00Z

    The Senate Banking Committee this week advanced the Foreign Investment Risk Review Modernization Act. Among its ammendments: prohibiting the President from changing the penalties on Chinese telecommunication companies that have sanctions levied against them.

  • Blog post

    ZTE and the Arthur Andersen myth

    2018-05-20T15:30:00Z

    Remember the myth of Arthur Andersen—that if you go to trial in a corruption case and lose, the company will be irreparably harmed? That myth may have arisen once again in the form of a U.S. president criticizing U.S. regulators for penalizing Chinese company ZTE.

  • Blog post

    Trump's new tariffs could trigger trade war with China

    2018-04-04T11:45:00Z

    In response to what the White House views as China’s unfair trade practices, the Office of the U.S. Trade Representative has announced a list of products that could be subject to additional tariffs. China has countered with a list of its own.

  • Blog post

    Treasury in ‘hand-to-hand financial combat’ with North Korea

    2017-09-12T13:15:00Z

    Current and future sanctions efforts by the Treasury Department to financially strike back against North Korean aggression were dissected by Assistant Treasury Secretary Marshall Billingslea during a recent House committee hearing.

  • Blog post

    ZTE accused of sending U.S. products to Iran

    2017-03-24T09:45:00Z

    ZTE, a multinational telecommunications equipment and systems company, pleaded guilty to Justice Department charges it was illegally shipping U.S.-origin items to Iran.

  • Blog post

    Treasury Amends Russia and Ukraine Sanctions List

    2015-12-23T10:00:00Z

    The Department of the Treasury’s Office of Foreign Assets Control yesterday designated and identified 34 new individuals and entities under four executive orders related to Russia and Ukraine. The updated sanctions list also provides several new lessons for compliance officers.

  • Blog post

    OFAC Fines Boston Firm for Contracting Iranian Developers

    2015-07-31T11:00:00Z

    The Treasury Department’s Office of Foreign Assets Control has fined a Boston-area software company for violating Iranian sanctions by using Web developers from that country. The company was fined $205,650 despite protests that the amount was too high and “its lack of a compliance program and failure to implement one ...

  • Article

    Distilling Lessons From Recent Sanctions Cases

    2015-07-21T10:15:00Z

    The Justice Department clearly is prosecuting more companies for sanctions or export control violations: 15 enforcement actions since 2010, compared to only three in the prior three years. Inside, we’ve sifted out themes arising from those settlements to understand more about what factors regulators weigh when resolving charges and how ...