Taiwanese chip maker United Microelectronics Company has agreed to pay $60 million and plead guilty to resolve one of the most closely-watched corporate trade secret theft cases in the US.
The Taipei-headquartered Mega International Commercial Bank is under investigation in the US over potential breaches of sanctions on Iran.
Berkshire Hathaway, a Nebraska-based conglomerate run by multi-billionaire investor Warren Buffett, has agreed to pay $4.1 million to settle alleged violations of US sanctions on Iran.
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.
Companies in the UK have filed a record number of reports of potential sanctions violations over the past year, with a significant amount concerning barred Libyan entities.
Dominican Republic senator Felix Bautista-Rosario is attempting to remove US sanctions placed on him for alleged corruption linked to the reconstruction of Haiti, as he seeks re-election in his home country.
Generali Global Assistance has agreed to pay $5.8 million to settle over two thousand alleged breaches of US sanctions on Cuba for processing payments for tourists who had visited the blacklisted country.
Senior management at Keysight Technologies’ former Finnish subsidiary defied orders to cease business in Iran and then obfuscated its dealings in the country in internal communications.
The Justice Department is closely monitoring cyber intrusions at US institutions that are researching a cure for the coronavirus, according to a senior prosecutor.
The Justice Department’s counterintelligence chief has said the pursuit of economic espionage has been greatly aided by cooperation from the US private sector.
The US Treasury’s Office of Foreign Assets Control has been prolific in penalising companies for sanctions violations but doesn’t appear to have the same appetite for pursuing individuals.
The Netherlands’ lead sanctions prosecutor spoke to GIR about its major investigation, the uptick in enforcement and how her team wants to work with the private sector.
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