Topic: Sanctions

Bank of China settles US sanctions probe

The US Treasury Department’s sanctions enforcer has slapped the Bank of China’s UK arm with a $2.3 million penalty for executing over $40 million worth of transactions on behalf of Sudanese customers.

27 August 2021

California semiconductor company handed suspended fine over export violations

California-based semiconductor supplier Dynatex International has agreed to pay $469,000 to resolve US Commerce Department allegations it illegally exported thousands of dollars worth of equipment to China.

18 August 2021

No proof Meng caused loss to HSBC, court hears

17 August 2021

OFAC closes sanctions probe into South American airline

The US sanctions enforcer closed its investigation into Avianca weeks after the SEC dropped a foreign bribery probe into the Colombian airline.

13 August 2021

Iron Mountain reports data destruction in US sanctions probe

Information management company Iron Mountain says that it has mistakenly destroyed material related to a US sanctions probe focused on its dealings with Iranian entities.

09 August 2021

The OFAC enforcement actions that most influenced sanctions compliance

GIR asked over 30 lawyers from a dozen different law firms which penalty issued by the US civil sanctions enforcer in the past five years has had the greatest impact on corporate compliance.

06 August 2021

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

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