The New York-based Comtech has reached a settlement with the US Treasury Department for indirectly exporting satellite equipment to the once-sanctioned Sudanese civil aviation authority and for providing product training to its staff.
A Manhattan federal court judge has excoriated prosecutors for the botched prosecution of an Iranian businessman almost two months after she formally dismissed the case over persistent issues with evidence disclosure.
US authorities are attempting to seize almost $1 million linked to two front companies that allegedly enabled Chinese phone parts manufacturer ZTE to do business with North Korea.
The US Treasury Department has penalised a New York-based arm of Deutsche Bank after senior managers in its anti-financial crime team rushed through a $28.8 million transaction without adequately checking if it violated sanctions.
The US Commerce Department has penalised German optical systems manufacturer Zeiss over the illegal sale of rifle telescopes worth approximately $1 million to Canada.
In the latest US enforcement roundup, the International Criminal Court calls out “unprecedented” US sanctions on its chief prosecutor, OFAC establishes closer ties with a shell company hotspot, as well as Visa and Mastercard withdraw a request for the US attorney general to intervene in a Cuba trafficking lawsuit.
The US Treasury Department is investigating New York-based Frequency Electronics over its past relationship with a company owned by sanctioned Russian financial institution Gazprombank.
“Protecting Halkbank’s access to US markets and its property in the United States was not incidental to the offenses, but a principal purpose of Halkbank’s conduct,” prosecutors wrote in a court filing.
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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