Ministerial penalty reductions in UK sanctions cases raises eyebrows
A UK minister’s decision to shrink Standard Chartered’s penalty for illegally extending loans to a Russian-owned bank has raised questions about government oversight of sanctions enforcement.
DOJ official: Private-sector tip-offs fueling economic espionage cases
Jay Bratt, the chief of the counterintelligence and export control section of the Justice Department’s national security division, spoke to GIR about China-led economic espionage, covid-19 and the progress of the department’s new voluntary disclosure programme.
Halkbank pleads not guilty to Iranian sanctions busting scheme
The bank’s new lawyers said they want “to turn over a new leaf” in the highly-politicised case.
UK sanctions enforcer announces first major fine
The UK’s main sanctions enforcer, OFSI, has fined UK bank Standard Chartered £20.47 million for executing loans to a Russian-owned financial institution in breach of EU trade restrictions.
US court to consider beefed up Cuban trafficking lawsuit against Amazon
A US citizen suing Amazon for taking advantage of land confiscated by the Cuban government has submitted extra evidence in a push to revive his lawsuit against the online retailer.
BIS undersecretary orders rethink of potentially “disproportionate” export control penalty
The head of the US Commerce Department’s export control division has told an administrative court to re-examine a $31 million fine it handed to an Estonian shipping company over dealings in Iran.
The looming threat of Dutch sanctions enforcement
Companies operating in the Netherlands face an increased risk of penalties for sanctions and export control violations as authorities in the country develop an appetite for enforcement.
Appeals court upholds conviction of former Global Metallurgy CEO
An appeals court in New York has upheld the conviction of the former CEO of Global Metallurgy for knowingly exporting cobalt alloy powder to Iran in breach of US sanctions.
The Netherlands publishes anti-torture-focused export control guidance
The Dutch government has said it expects companies to implement procedures to prevent their products from being used to violate human rights abroad.
DOJ counterintelligence chief teases self-disclosure tweaks
The chief of the US Justice Department’s counterintelligence and export control section has alluded to an updated policy on how companies are expected to report misconduct.
- US Treasury Department’s “devastating” legal brain drain continues
- OFAC publishes inaugural sanctions compliance guidance
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Editor's picks
US Treasury Department’s “devastating” legal brain drain continues
The small office of lawyers within the US Treasury Department that scrutinises all sanctions activity has lost its second-in-command, as the drain of institutional knowledge persists under President Trump.
Trade secret theft: approach US prosecutors with caution
For corporate victims of trade secret theft, the decision of whether to inform the US government is simultaneously the most important and most complicated.
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