Indonesian company agrees to pay $1.6 million to settle DOJ sanctions probe
The Justice Department’s settlement with Bukit Muria Jaya was announced a few days after OFAC revealed its existence in a related enforcement action.
The Justice Department’s settlement with Bukit Muria Jaya was announced a few days after OFAC revealed its existence in a related enforcement action.
The Treasury Department’s guidance on the China Military Companies Sanctions has been described by one expert as “truly bizarre”.
An Indonesian company has entered into a settlement with US authorities for exporting nearly $1 million worth of cigarette paper to North Korea.
Ex-OFAC chief counsel Charlie Steele spoke to GIR about the future of US sanctions, his move back to private practice and why he chose not to join a law firm after leaving …
US authorities seized funds used in a failed attempt to purchase the Sheraton Hotel in Tbilisi from a UAE sovereign wealth fund.
The US Treasury Department's first sanctions enforcement action of 2021 is its largest in over a year.
Global Investigations Review (GIR) is the hub for global coverage of corporate investigations and their aftermath. Keep up to date with significant developments in the corporate investigations world.
Get unlimited access to all Global Investigations Review content
The Treasury Department has underscored through penalties it has handed down this year for sanctions violations that US-based companies must subject their foreign subsidiaries to intense scrutiny.
The UK authority responsible for punishing the unlawful export of goods has opened fewer than five criminal investigations in each of the past three years.
The US Treasury Department has recently begun demanding that companies show evidence of how they will ensure ongoing compliance with US sanctions before it will remove them from banned entities lists.
The generous fine discount that the US Treasury Department handed a cookware coating producer that appointed two independent compliance monitors could represent a new avenue for companies looking to cut down potential monetary penalties for sanctions violations.
Get unlimited access to all Global Investigations Review content