Topic: Sanctions

Lisa Monaco: “Sanctions should be at the forefront” of corporate compliance programmes

Sanctions should “be at the forefront” of corporate compliance programmes, the US deputy attorney general said in the keynote speech at GIR Live: Women in Investigations on Thursday, adding that an expanding number of industries can be affected by the problem and that a proactive approach could save companies money.

16 June 2022

Counsel Watch: Glencore’s lawyers for global bribery investigations

In the latest Counsel Watch, a round-up of the lawyers acting for Glencore in the US, the UK, Brazil, Switzerland and the Netherlands in corruption investigations that have so far led to criminal resolutions in three continents.

13 June 2022

OFSI issues new enforcement guidance

The UK’s sanctions enforcement agency has updated its guidance for punishing breaches on the eve of a rule change that gives it new powers to fine companies for inadvertent violations.

08 June 2022

DOJ looks to seize two Abramovich planes for export violations

US authorities are targeting a Boeing plane and a Gulfstream jet believed to be in Dubai and Moscow, respectively, and worth a combined estimated $410 million.

07 June 2022

DOJ tries to block ZTE appeal over probation ruling

US prosecutors want to stop ZTE from challenging the findings of a court in Texas that recently concluded a five-year case against the Chinese telecoms company for sanctions evasion and obstructing an investigation.

01 June 2022

OFAC fines Puerto Rico bank for Venezuela sanctions violations

The US’s civil sanctions enforcer imposed a $255,937 penalty on Banco Popular de Puerto Rico for processing over $853,000 worth of transactions on behalf of two Venezuelan government employees, in violation of US sanctions.

30 May 2022

UK investigates Russian oligarch Petr Aven over possible sanctions violations

27 May 2022

“We need to close the loopholes” – EU takes aim at sanctions evasion

European politicians want to bring in bloc-wide criminal penalties for evading European Union sanctions because current fines vary wildly from country to country. “It’s one that all lawyers, frankly, should be monitoring,” said one practitioner.

26 May 2022

BIS blocks fifth Russian airline over export control breaches

20 May 2022

BIS previews potential enforcement policy changes

The assistant secretary for export enforcement expanded on potential changes to the agency’s administrative enforcement arsenal, including its approach to penalties, charging letters, and no admit, no deny settlements.

17 May 2022

Unlock unlimited access to all Global Investigations Review content