Topic: Sanctions

OFAC slashes S&P Russian sanctions settlement bill, citing enhanced compliance

Featured in In-house

The business intelligence company faced a penalty of over $1 million after OFAC alleged finance staff doctored invoices to a Russian state energy company to try to skirt US sanctions.

04 April 2022

Swiss sanctions enforcer rattles legal community with disclosure stance

The Swiss ministry responsible for investigating economic sanctions breaches has doubled down on its position that lawyers have a duty to disclose assets held by sanctioned clients.

01 April 2022

Appeals court upholds Deripaska sanctions designation

30 March 2022

Court encourages fresh criminal charges against ZTE over visa fraud scheme

A federal court in Dallas has suggested US prosecutors pursue new charges against Chinese telecoms company ZTE for allegedly conspiring to commit visa fraud and violating compliance requirements of a 2017 plea deal.

23 March 2022

Germany launches probe into Bosch over possible Russia sanctions breaches

21 March 2022

Ropes white-collar co-head moves to Dechert

As Judith Seddon joined Dechert’s white-collar team, she spoke to GIR about her aspirations at the new firm, her thoughts about the “long overdue” Economic Crime Act, and the funding of the UK’s criminal justice system.

21 March 2022

US banks begin to leave Russia amid barrage of sanctions

Flooded with sanctions concerns, financial institutions are beginning to act one week after major US companies started pulling the plug on their business in Russia.

11 March 2022

Former Fox director indictment illustrates DOJ’s tough approach to Russia sanctions

“The unsealing of the Hanick indictment appears to have been timed to highlight the seriousness with which DOJ intends to approach criminal violations of the new sanctions and export controls,” one lawyer said.

10 March 2022

ZTE faces scrutiny over visa fraud claims

Chinese telecommunications company ZTE is due in court over possible violations of its probation in connection with a 2017 sanctions plea deal.

09 March 2022

FinCEN warns banks to brace for Russian sanctions evasion efforts

Featured in In-house

The US Treasury Department’s anti-money laundering unit has advised financial institutions to stay alert to potential evasion of sanctions imposed on Russia over its invasion of Ukraine.

08 March 2022

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