President Joseph R. Biden signed an executive order declaring a national emergency to combat the threat of hostage-taking and the wrongful detention of U.S. nationals in foreign countries.
The CFTC and DOJ settled actions against an energy and commodities trading firm and two of its subsidiaries for manipulative and fraudulent practices, foreign corruption and bribery in the U.S. and global oil markets.
A South Korean telecom company settled SEC charges for books and records and internal accounting controls violations under the Foreign Corrupt Practices Act.
A Panamanian man pleaded guilty in the U.S. District Court for the Eastern District of New York to a money laundering conspiracy in connection with a bribery scheme involving a Brazil-based global construction conglomerate.
OFAC designated an Iranian cyber company along with six linked Iranian nationals. All property and interests in property of the designated persons subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from transacting with them.