Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Regimes for combating human rights abuses are gaining momentum, examples of which include the European Parliament resolution of March 10, 2021 recommending to the EU Commission the introduction of corporate due diligence and corporate accountability, and Germany’s Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz) of June 11, 2021.… Continue Reading
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
On September 2, the United States designated the chief prosecutor from the International Criminal Court (ICC), as well as an ICC senior official, to the Specially Designated Nationals (SDN) and Blocked Persons List, the first exercise of sanctions under a June 11 executive order targeting the ICC due to its ongoing investigation of U.S.… Continue Reading
The Treasury Department’s Office of Foreign Assets Control imposed sanctions on 11 Hong Kong officials Friday, including the territory’s head of state, for “undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly of the citizens of Hong Kong.”… Continue Reading
The U.S. Treasury Department’s Office of Foreign Assets Control used a settlement agreement Thursday to set out management’s role in creating and running an effective sanctions compliance program.… Continue Reading
Amid the coming post-Covid-19 resizing wave, when chief compliance officers request bigger budgets, don’t laugh, and don’t blame them. This time, it’s OFAC’s fault.… Continue Reading
Apple, Inc. agreed Monday to pay $467,000 to settle violations of the Foreign Narcotics Kingpin Sanctions Regulations after its screening tool failed to detect a sanctioned company and its owner.… Continue Reading
The U.S. Treasury Department’s Office of Foreign Assets Control Thursday imposed sanctions on five individuals, including at least three Russians, and on a Chechen group for extra-judicial killings and torturing LGBT individuals.… Continue Reading
Image courtesy of ELFThe Treasury Department’s Office of Foreign Assets Control fined a California-based cosmetics company nearly $1 million for importing fake eyelash kits that contained materials from North Korea.… Continue Reading
Murdered Saudi journalist Jamal KhashoggiThe U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three Saudi officials and 14 members of a hit team for their role in murdering Washington Post contributing columnist Jamal Khashoggi.… Continue Reading
The Treasury Department’s Office of Foreign Assets Control fined a Connecticut-based company Thursday for exporting paper from Canada to Sudan.
BD White Birch Investment LLC, known as White Birch USA, paid $372,465 to settle allegations that it violated U.S.… Continue Reading
The Treasury Department’s Office of Foreign Assets Control penalized Richemont North America, Inc., the owner of the Cartier luxury brand, for shipping jewelry to a Hong Kong company that OFAC had blocked.… Continue Reading
