Region: United States of America

Akin Gump hires sanctions lawyer

Former Baker & McKenzie lawyer Jonathan Poling has joined Akin Gump Strauss Hauer & Feld as partner in its international trade practice in Washington, DC.

15 August 2014

Fried Frank hires sanctions specialist from Steptoe & Johnson

Fried Frank Harris Shriver & Jacobson has hired special counsel Michael Gershberg in Washington, DC, where he will focus on economic sanctions and export controls.

14 August 2014

Switzerland expands measures against Ukraine and Russia

The broadening of an anti-circumvention list designed to stop Switzerland being used as a channel to bypass EU and US sanctions against Russia is likely to have little effect on multinational Swiss banks and companies.

07 August 2014

Standard Chartered faces new sanctions fine

Standard Chartered faces fines over an alleged failure to flag transactions which had a high risk of violating US sanctions, the bank said in its half-year results today. New York’s Department of Financial Services (DFS) identified new problems with the bank’s internal controls.

06 August 2014

Crédit Agricole in US sanctions settlement talks

French bank Crédit Agricole is in discussions with US authorities over possible sanctions breaches, according to reports. “We are entering the phase of explanations and discussions with US authorities with whom we have cooperated from the start,” Reuters quoted Crédit Agricole chief executive Jean-Paul Chifflet as saying.

06 August 2014

France rails against tough US sanctions laws

Lawyers say the French government’s reaction to the $8.83 billion fine on BNP Paribas is as much a consequence of the country’s sluggish economy as a criticism of US extraterritorial enforcement.

05 August 2014

BNP Paribas posts record losses

French bank BNP Paribas has suffered record losses after it pleaded guilty last month to US sanctions violations charges and agreed to pay US$8.9 billion in fines, according to reports. In its latest quarterly report, the bank said it had set aside US$7.

31 July 2014

DC court agrees to delay Fokker DPA hearing

Judge Richard Leon in the DC District Court has postponed a hearing where the US Department of Justice and Fokker were due to justify a deferred prosecution agreement, after evidence by a former US government investigator cast doubt on the accuracy of information provided in the agreement.

29 July 2014

Russian sanctions round-up

A new set of EU sanctions against Russia will likely be more wide-ranging than previous ones, affecting whole sectors of the Russian economy rather than targeting specific entities or individuals. Proposals seen by the Financial Times promise to impose an arms embargo, and to target next-generation oil exploration projects as well as the banking sector.

29 July 2014

OFAC fines Epsilon for “reckless disregard” of sanctions

The US Office of Foreign Assets Controls has fined California-based Epsilon Electronics US$4 million for breaching Iran sanctions, and for obstructing an investigation of the breaches.

28 July 2014

Get unlimited access to all Global Investigations Review content