Topic: Sanctions

National security focus takes centre stage at DOJ

Following Lisa Monaco’s comments that sanctions are “the new FCPA”, lawyers pointed out an increasing overlap between the two areas of enforcement.

02 May 2022

Biden asks Congress to change laws for Russian asset recovery

The White House’s proposals include broadening RICO and expanding the DOJ’s ability to dedicate forfeited funds to Ukraine.

28 April 2022

US unveils sanctions charges against two Europeans

US prosecutors are accusing a UK and a Spanish citizen of conspiring with programmer Virgil Griffith to evade US sanctions on North Korea by providing the country with blockchain and cryptocurrency services.

26 April 2022

Freight company settles with OFAC for $6 million

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

25 April 2022

Mining industry companies settle Cuba sanctions breaches

OFAC has fined a Colorado-based mining company and an equipment distributor in Florida for acquiring explosives originating from Cuba for use at a Suriname gold mine.

22 April 2022

BIS blocks another Russian airline for export control violations

The order against Aviastar follows enforcement actions earlier this month against three other Russian airlines.

21 April 2022

Swiss money laundering probe into Egypt’s former ruling family fizzles out

Swiss prosecutors have closed an 11-year-long investigation into ousted president Hosni Mubarak’s “entourage” after seizing just $34 million of almost $650 million in frozen funds.

14 April 2022

Crypto developer sentenced to five years

Virgil Griffith was sentenced to 63 months in prison over a digital currency presentation he gave in North Korea.

12 April 2022

US charges sanctioned Russian oligarch

The charges against businessman Konstantin Malofeyev represent the first criminal action against a Russian oligarch since Russia’s invasion of Ukraine in February, Deputy Attorney General Lisa Monaco said on Wednesday.

06 April 2022

Spanish prosecutors seize yacht in first win for US sanctions task force

A multi-agency US task force hunting Russian sanctions evaders has recorded its first asset seizure. “It will not be the last,” said the US attorney general.

05 April 2022

Get unlimited access to all Global Investigations Review content