Work Area: Sanctions

The 267-foot luxury vessel, which US authorities say belongs to sanctioned Russian billionaire Andrey Guryev, has become a money pit for the island nation due to exorbitant maintenance costs.

22 May 2023

The settlement is the first major action reached under the Bureau of Industry and Security’s new policy bolstering antiboycott enforcement.

19 May 2023

OFAC also struck a rare individual settlement with a former senior executive at the Unilever-owned company over their role in the alleged violations of Iranian sanctions.

18 May 2023

The enforcement push comes amid reports that sanctioned US technology has continued to flow to Russia despite new sanctions tied to Moscow’s invasion of Ukraine.

16 May 2023

GIR looks at the new appearances on the docket for FTX founder Sam Bankman-Fried as he seeks to dismiss US charges against him, and the three-firm team advising crypto company Bittrex as it faces allegations of securities laws violations from the SEC.

09 May 2023

Two-thirds of the DOJ’s corporate criminal resolutions in the past seven months have implicated questions of national security, the senior DOJ official said.

03 May 2023

The DOJ and SEC contacted recidivist medical device maker Stryker about possible FCPA violations; a fibre laser manufacturer “believes” the DOJ has concluded its investigation into its export practices; a mining company received information requests from the DOJ but says it is not under investigation.

03 May 2023

Poloniex faced scrutiny from OFAC for allowing over 65,000 transactions in violation of US sanctions programmes against Crimea, Cuba, Iran, Syria and Sudan.

02 May 2023

Glencore announced in its annual ethics report that its recently-accepted compliance monitors will be working with the forensic accounting firm.

28 April 2023

Charles Lieber was sentenced to pay $50,000 and spend two years under supervised release.

26 April 2023