Work Area: Sanctions

IRS takes on sanctions work

The US tax agency has identified 50 people and companies as possible targets for “sanctions-related enforcement” since March.

04 November 2022

OFAC-OFSI announcement latest sign of United States’ growing multilateral sanctions approach

In a recent joint salvo, the US and UK civil sanctions offices said they are deepening their collaboration through sharing best practices and possibly implementing “joint products” or guidance.

04 November 2022

US Republicans suggest taking export controls enforcement away from Commerce

The department has overlooked its mission to protect national security in upholding its mandate to promote trade to high-risk countries, especially China, the bill said.

02 November 2022

Counsel Watch: FRA founder lands another DOJ monitorship

In the latest counsel watch, a founding partner at Forensic Risk Alliance is handling a monitorship for a construction company and a well-known Italian football club has instructed lawyers for a market fraud investigation.

01 November 2022

OFSI eases legal fee rules for sanctioned Russians

The UK’s civil sanctions enforcement agency has simplified the process for lawyers accepting payments from clients on Russian and Belarusian sanctions lists.

31 October 2022

Embraer GC: compliance procedures are protecting the business

Featured in In-house

The top lawyer at Brazilian plane maker Embraer described how its compliance controls protected the company after planned sales to a troubled airline fell through.

25 October 2022

Chinese spies charged with obstructing DOJ’s Huawei case

Featured in Investigator's Guide to New York

The DOJ alleges that two Chinese intelligence officers tried to bribe an unnamed employee of a US law enforcement agency to turn over information that would aid the telecoms company’s defence in a sprawling sanctions case.

24 October 2022

NCA freezing orders jeopardised in Petr Aven sanctions probe

Featured in Investigator's Guide to Russia

Sanctioned Russian oligarch Petr Aven has been barred from accessing funds in two corporate bank accounts while a magistrates’ court considers whether the NCA still has reasonable grounds for freezing them.

19 October 2022

Puerto Rican bank violated Venezuelan sanctions, OFAC says

The bank didn’t apply for a licence to handle the blocked accounts of an unnamed person sanctioned in 2017, the agency said.

19 October 2022

French cement producer to pay $778 million for ISIS payments

Lafarge and its Syrian subsidiary pleaded guilty to “unprecedented charges” related to payments it made to terrorists groups to protect a cement plant near the Turkish border.

18 October 2022

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