Work Area: Sanctions

Lab equipment distributor gets two-year probation for undervaluing Russia, Ukraine shipments

Intertech Trading Corporation agreed to pay more than $140 thousand in fines and fees.

17 October 2022

Bittrex fines a sign of more to come

Following FinCEN and OFAC’s first-ever parallel crypto action, sanctions practitioners say the agencies’ improved understanding of cryptocurrency platforms will create further opportunities for joined-up enforcement.

14 October 2022

Extreme Networks self-reports indirect sales to Russian arms company

A US technology company has uncovered indirect sales of $645,000 to a sanctioned company that builds weapons for the Russia military after receiving information from a news outlet.

13 October 2022

NCA arrest UK businessman over US sanctions charges

13 October 2022

DOJ charges UK businessman with helping Deripaska evade sanctions

The UK businessman, Graham Bonham-Carter, allegedly helped Deripaska maintain his US properties.

11 October 2022

Enforcement officials: UK faces uphill battle to enforce Russia sanctions

The heads of the UK’s civil sanctions enforcement agency and the Crown Prosecution Service have warned that legislative shortcomings and well-resourced oligarchs are undermining their efforts to enforce Russian sanctions.

11 October 2022

Sanctioned Russian businessman overturns French yacht seizure

Featured in Investigator's Guide to France

A French court has ordered the country’s customs agency to release an impounded superyacht owned by sanctioned Russian businessman Alexey Kuzmichev over due process errors during the seizure.

07 October 2022

Supreme Court to hear Halkbank sanctions case

The state-owned Turkish bank argued that it should enjoy immunity from a criminal sanctions case involving Iranian oil proceeds.

03 October 2022

US Supreme Court denies Deripaska’s request for review of sanctions case

The high court's denial comes shortly after the DOJ hit the Russian oligarch with criminal charges for evading sanctions imposed on him in 2018.

03 October 2022

OFAC fines email gift card issuer

OFAC issued new guidance for businesses supplying “instant payment systems” after finding that Tango Card committed thousands of potential sanctions breaches, racking up a maximum penalty of $9.2 billion.

03 October 2022

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