Amendments to the Treasury Department’s Cuban Assets Control Regulations came into effect Friday. While the Cuba embargo remains in place, the regulatory amendments reflect the Obama Administration’s policy “to further engage and empower the Cuban people” and are continuations of amendments made in September 2009 and January 2011.… Continue Reading
It’s not a bribery case. But it showed how the profit motive can overwhelm a compliance program.
A Canadian subsidiary of United Technologies pleaded guilty today to violating the Arms Export Control Act and making false statements in connection with illegal exports to China.… Continue Reading