Work Area: Sanctions

US judge agrees to end Huawei CFO’s prosecution

05 December 2022

US moves to dismiss charges against Huawei CFO

Meng Wanzhou, the daughter of Huawei’s founder and current chief financial officer at the company, agreed to a four-year DPA, back-dated to the time of her arrest in 2018, in 2021.

02 December 2022

Airbus export control head: diversion of parts to Russia is company’s “biggest worry”

Speaking at a GIR Live conference in London on Thursday, Lesley Davey outlined the company’s response to sanctions on Russia following the country’s invasion of Ukraine.

01 December 2022

DOJ, SEC officials build out expectations on company ephemeral messaging rules

Justice Department and SEC officials want companies under investigation to present the rules they have in place for employees’ usage of such messaging platforms.

30 November 2022

US Democrats introduce DOJ corporate crime database bill

The legislation’s sponsors sent a letter to US attorney general in October urging him to create the database

30 November 2022

OFAC fines Kraken $360k over Iran sanctions violations

In its second action targeted at a cryptocurrency exchange this year, OFAC highlighted that virtual currency companies must invest in sanctions controls that monitor account activity throughout their lifespan.

29 November 2022

EU moves forward with criminalisation of sanctions evasion

29 November 2022

Turkish government calls out “demeaning” Halkbank prosecution

The Turkish government said the DOJ’s prosecution of Halkbank has strained political ties between the two countries, describing the US criminal case as “a demeaning move against Türkiye’s dignity”.

25 November 2022

GIR Live: US sanctions compliance needs to take a global perspective

Panellists at GIR’s recent sanctions and anti-money laundering conference delved into the challenges presented by various sanctions regimes and discussed how and why companies seem more willing to do business in Ukraine since Russia’s invasion.

24 November 2022

GIR Live: OFAC reviewing enforcement guidelines

The associate director of compliance and enforcement at the US Treasury Department’s office of foreign assets control said that his office is seeking public input on potential changes to enforcement guidelines from 2009.

22 November 2022

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