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In the latest sanctions round-up, Santander has denied a media report that suggested the lender breached US sanctions against Iran, while French prosecutors have charged Lafarge with sanctions evasion and financing terrorist groups.
15 February 2024
France’s highest court has greenlit the prosecution of cement manufacturer Lafarge for complicity in crimes against humanity over its alleged funding of terrorist groups including Isis.
16 January 2024
The technology company self-disclosed sales of its products to sanctioned entities in Cuba, Iran, Syria, Russia and Ukraine.
06 April 2023
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
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