July 03, 2014, JUST SANCTIONS
In June 2012, Dutch lender ING Bank agreed to pay $619 million to settle US government allegations that it violated US sanctions against Cuba, Iran and...
June 30, 2014, JUST SANCTIONS
French bank BNP Paribas will today plead guilty to violating sanctions, pay an US$8.9 billion fine, and will be forced to suspend its ability to process US dollar transactions, according to reports
June 11, 2014, JUST SANCTIONS
Days after concluding her last US sanctions investigation with a US$21 million settlement, OFAC office of enforcement chief Maura Rezendes has joined Allen & Overy in its Washington, DC office.
June 06, 2014, JUST SANCTIONS
A US subsidiary of Netherlands-based aircraft company Fokker has admitted to knowingly violating US sanctions following a “vast” internal investigation by Clifford Chance, and has agreed to pay a US$21 million fine.
May 16, 2014, JUST SANCTIONS
French bank BNP, currently facing a large sanctions fine for alleged sanctions violations by its foreign subsidiaries, plans to overhaul the way it processes payments in US dollars.
May 13, 2014, JUST SANCTIONS
French bank BNP Paribas is currently negotiating an agreement with US authorities to settle charges that it violated US sanctions, but criminal action in France is unlikely, say observers, despite possible interest from French authorities.
April 23, 2014, JUST SANCTIONS
Dutch travel company CWT's US$6 million settlement with the US Treasury's Office of Foreign Assets Control (OFAC) illustrates the importance of catching and reporting potential sanctions issues as early as possible.
March 14, 2014, JUST SANCTIONS
The UK government has been seeking comments on a proposal to prevent contracts between companies and countries that are the target of international sanctions from being enforced in national courts.
February 26, 2014, JUST SANCTIONS
The UK’s Foreign and Commonwealth Office (FCO) is seeking comments on the potential creation of ‘contract sanctions’, which would prevent contracts between companies and sanctioned regimes from being enforced in national courts.
February 14, 2014, JUST SANCTIONS
French bank BNP Paribas has set aside US$1.1 billion to settle US fines, the company said in a quarterly report.