A Wisconsin-based marketing solutions and printing graphics services provider settled SEC charges that it violated the Foreign Corrupt Practices Act, in connection with the conduct of various bribery schemes conducted by its subsidiaries in China and Peru.
A UK-based subsea service provider in the oil and gas industry and its subsidiary, a UK-based engineering contractor, agreed to settle OFAC charges for violations of the Cuban Assets Control Regulations.
A German medical device and services company agreed to settle charges of violating the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act.
A multinational bank agreed to settle Office of Foreign Assets Control charges for apparent violations of the Cuban Assets Control Regulations, the Iranian Transactions and Sanctions Regulations, and the Weapons of Mass Destruction Proliferators Sanctions Regulation.
The Office of Foreign Assets Control updated its Cuba-Related "Frequently Asked Questions" in order to address issues related to increasing commercial and non-commercial connections between the United States and Cuba.
FinCEN issued an advisory regarding changes to the lists of jurisdictions with strategic Anti-Money Laundering and Counter-Terrorist Financing ("AML/CFT") deficiencies. The lists were compiled by the Financial Action Task Force ("FATF"). The changes affect the due diligence obligations of U.S...
Department of the Treasury Office of Foreign Assets Control ("OFAC") Acting Director John E. Smith testified before the Senate Agriculture Committee. His testimony concerned recent amendments to the Cuban Assets Control Regulations and the implications for agricultural trade with Cuba. See: Acting...
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