The Treasury Department’s Office of Foreign Assets Control issued a new advisory Thursday warning banks, insurance companies, negotiators and others about sanctions risks from helping victims make ransomware payments.… Continue Reading
Posts Tagged: Crimea
The Treasury Department’s Office of Foreign Assets Control fined Exxon Mobil Corp. $2 million Thursday for signing a joint venture with Russia’s Rosneft in “reckless disregard” of Ukraine-related trade sanctions.
In response, Exxon filed a lawsuit in federal court in Texas, arguing that it had guidance from the government that its action would be legal under existing law and OFAC rules.… Continue Reading
In her excellent book, Thieves of State, Sarah Chayes argues persuasively that foreign corruption is a threat to U.S. national security because it drives people to radical Islam. There is an additional aspect to this problem: corrupt regimes are a national security threat because they start wars in order to divert attention from their own corruption.… Continue Reading