Region: Syria

The company allegedly breached export control rules by purchasing IT equipment from US companies to re-sell in Syria and Iran.

07 November 2022

Lafarge and its Syrian subsidiary pleaded guilty to “unprecedented charges” related to payments it made to terrorists groups to protect a cement plant near the Turkish border.

18 October 2022

OFAC issued new guidance for businesses supplying “instant payment systems” after finding that Tango Card committed thousands of potential sanctions breaches, racking up a maximum penalty of $9.2 billion.

03 October 2022

After recently announcing an SEC investigation related to the company’s conduct in the Middle East, the telecommunications company faces a private suit from US military members accusing it of making “protection payments” to Al-Qaeda and the Islamic State.

08 August 2022

OFAC said Toll Holdings’ compliance measures “failed to keep up with the pace and complexity of its growing operations”.

25 April 2022

France’s highest court has ruled that cement manufacturer Lafarge can be charged with complicity in crimes against humanity over its alleged funding of armed groups, including ISIS.

07 September 2021

OFAC said that the issue stemmed from First Bank’s erroneous belief that US sanctions don’t apply to companies operating outside the country.

31 August 2021

Swiss-French cement manufacturer LafargeHolcim says that it is negotiating a resolution to a US Department of Justice investigation into alleged payments made to terrorist organisations, including ISIS.

30 July 2021

21 June 2021

The EU’s anti-fraud agency has recommended that authorities in the UK, the Netherlands and Belgium bring prosecutions against companies tied to a €2 million rule-of-law project in Syria.

24 March 2020