Region: Sudan

Satellite communications company settles US sanctions probe

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.

18 September 2020

BNP Paribas sued over Darfur genocide

27 September 2019

US Treasury Department shrinks sanctions penalty for London bank

The US Treasury Department has suspended over $200 million of a potential fine to the British Arab Commercial Bank for breaching sanctions after consulting with a UK financial regulator.

18 September 2019

OFAC finds violations in shipping company's subpoena response

08 August 2019

Société Générale remedied self-report failure in $1.34 billion sanctions probe with “voluminous evidence”

Société Générale executives and global compliance managers were aware that the bank was conducting transactions in Cuba that violated US sanctions for a decade before Société Générale self-reported to US authorities.

20 November 2018

US extends review of Sudan sanctions

12 July 2017

Developments in US economic sanctions: 2016 in review

Ropes & Gray counsel Michael Casey in Washington, DC and Chicago-based associate Brendan Hanifin consider some of the most notable changes in the US sanctions regime in 2016.

19 January 2017

Sudan and Ecuador removed from money-laundering blacklist

The Financial Action Task Force, an international body that promotes and develops anti-money laundering and terrorism finance policy, has removed Ecuador and Sudan from its money-laundering blacklist, as the two countries have made “significant progress” in their anti-money laundering legal frameworks.

27 October 2015

Crédit Agricole to pay US$1 billion to settle US sanctions case

French bank Crédit Agricole is to pay around US$1 billion to settle allegations that it violated US sanctions imposed on Iran and Sudan between 2003 and 2008, according to reports, but the exact figure has yet to be finalised.

14 September 2015

Schlumberger subsidiary pleads guilty to US sanctions violations

Schlumberger Oilfield Holdings’ US$232 million fine for US criminal sanctions violations was influenced by the company’s failure to self-report and the extent of its corruption, attorneys say.

27 March 2015

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