Topic: Sanctions

UK’s OFSI fines fintech company over Russia sanctions breaches

The case marks the first time that a company has failed to reduce a proposed OFSI penalty following a ministerial review.

05 August 2021

US food safety company reports US sanctions probe

Food safety company Neogen says that it is under investigation by the Treasury Department over potential violations of US sanctions on Iran.

02 August 2021

US oil and gas procurement company pleads guilty in Russian sanctions case

02 August 2021

Singaporean shipping company challenges US sanctions

Strait Shipbrokers says the sanctions are at least partially based on faulty State Department intelligence and have set it back 15 years.

29 July 2021

Major Turkish consumer goods company faces US sanctions probe

The Treasury Department is investigating Turkish consumer goods multinational Arçelik, which owns several prominent household appliance manufacturers, over its historic dealings in Iran.

28 July 2021

US judge denies Huawei attempt to force additional disclosure in blockbuster sanctions case

27 July 2021

Alfa Laval sanctions case gives foreign companies reason to be nervous

The US Treasury Department’s recent case against the UAE-based subsidiary of a Swedish heavy industries company signals an increasingly aggressive approach towards foreign companies involved in sanctions-busting schemes.

27 July 2021

Australia jails individual for violating North Korea sanctions

27 July 2021

Payoneer reaches $1.4 million settlement for US sanctions non-compliance

Online money transfer company Payoneer, which went public in June, “failed to exercise a minimal degree of caution or care for its sanctions compliance obligations”, according to OFAC.

26 July 2021

OFAC investigates crypto finance company

Cryptocurrency finance company Circle Internet Financial is under investigation by the Treasury Department for potential violations of US sanctions, including on Iran.

20 July 2021

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