Work Area: Sanctions

Seagate to pay $300 million for Huawei export violations

BIS imposed its largest-ever standalone penalty against Seagate after the company admitted to exporting hard drives to Huawei without the necessary licences.

19 April 2023

Monaco says DOJ needs greater authority to transfer seized Russian assets to Ukraine

The deputy attorney general testified before top US lawmakers on Wednesday regarding the DOJ’s efforts to hold Russia accountable for the war in Ukraine.

19 April 2023

Sanctions docket: Taiwan, Brunei companies convicted over Iran tech sales

In a round-up of the latest sanctions developments, two businesses have pleaded guilty to conspiring to breach US sanctions against Iran, and Canada has purportedly set its sights on the assets of a sanctioned Russian airline.

19 April 2023

“Who’s to say that something is impossible?”: inside an effort to seize Russian state assets in the UK

One of the architects of a proposed law to force the UK government to create a new way of seizing Russian state assets to use for Ukraine’s reconstruction has told GIR that the effort is vital for the survival of her homeland.

13 April 2023

California resident sentenced to four years for violating Iran sanctions

An Iranian resident of California will spend four years in prison for violating sanctions by providing financial services that supported the government of Iran’s attempts to kidnap a dissident journalist.

10 April 2023

Estonian man arrested for exporting dual-use technology to Russia

On the same day it announced the arrest, the DOJ said it had succeeded in getting a judge to order forfeiture of more than $800,000 used in a separate illegal scheme to ship a “jig grinder” to Russia.

05 April 2023

NCA narrows investigation into sanctioned oligarch: FT

04 April 2023

FCPA Docket: Ex-PDVSA official pleads guilty to taking bribes

The former general counsel of Venezuela’s state oil company admitted to accepting some $11.5 million in bribes; FinCEN is looking for a new director; and two banks successfully dismissed a Helms-Burton suit for a second time.

04 April 2023

Threat of individual criminal liability in Ireland grows

Lawyers in Ireland are divided about new laws that include a lower bar for prosecuting individuals in white-collar cases.

03 April 2023

World Bank debars Vanuatu-based company

The power and communication company, PCS Limited, claimed subsidies on a non-subsidised item and knowingly misled World Bank officials, the bank said.

31 March 2023

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