Global Investigations Review

FinCEN staffing changes highlight US anti-money laundering priorities

As the anti-money laundering unit’s powers and ambitions grew in recent years, FinCEN hired a swathe of sanctions experts.

US sanctions authority clears Korea to pay Iranian award

South Korea says the US Office of Foreign Assets Control has authorised it to pay an investment treaty award to an Iranian family despite sanctions against Iran.

We have an over-compliance problem, say in-house officials

In-house sanctions specialists say banks too often refuse to handle perfectly legal transactions out of fear of violating US sanctions.

OFAC fines Hong Kong trading firm over Iran sanctions

The US fined a Hong Kong trading company $5 million after several employees went rogue and carried out transactions that violated sanctions on Iran.

Under-staffed and overwhelmed, OFAC grapples with delays

The US sanctions agency is facing criticism from private sector lawyers about its slow response to licensing and enforcement matters.

Cuban embargo lawsuit against Société Générale, BNP Paribas fails

The French banks are the latest to defeat claims brought under the Helms-Burton Act.

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Editor's picks

GIR sanctions roundtable

OFAC and OFSI officials join sanctions and export control practitioners in Washington, DC and London in a wide-ranging conversation on sanctions implementation, licensing, investigations, enforcement and more.

The BIS enforcement action that most influenced export control compliance

GIR asked over 20 lawyers which penalty issued by the US civil export control enforcer in the past five years has had the greatest effect on corporate compliance.

The OFAC enforcement actions that most influenced sanctions compliance

GIR asked over 30 lawyers from a dozen different law firms which penalty issued by the US civil sanctions enforcer in the past five years has had the greatest impact on corporate compliance.

GIR’s In-House Investigator Series: Max Lerner at State Street

Max Lerner, who leads US bank State Street’s global sanctions and anti-bribery compliance efforts, tells GIR about the evolution of the sanctions compliance team, what keeps him up at night and the potential development that could significantly change his role.

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The DC sanctions lawyers to have on speed dial

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