On March 12, President Trump issued an executive order blocking the biggest tech merger in history for fear that Broadcom Ltd “might take action that threatens to impair the national security of the United States.”… Continue Reading
Posts Tagged: Treasury Department
The Trump administration Thursday sanctioned five entities and 19 individuals for meddling in the 2016 U.S. presidential elections and for cyberattacks.
Among the entities sanctioned are Russian intelligence agencies, including the Federal Security Service, blamed for the 2014 hacking of Yahoo.… Continue Reading
The Treasury Department’s Office of Foreign Assets Control (OFAC) has amended the Cuba sanctions regulations for the second time this year. … Continue Reading
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
The Treasury Department’s Office of Foreign Assets Control (OFAC) issued Directives 1 through 4 on September 12 pursuant to Executive Order 13662 (March 20, 2014), “Blocking Property of Additional Persons Contributing to the Situation in Ukraine.”… Continue Reading
French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.
The U.S. Treasury and Justice Departments, the Manhattan district attorney’s office and the New York Department of Financial Services are conducting the investigations, the Wall Street Journal reported on Friday.… Continue Reading
Among the more than $10,000 in gifts Dennis Rodman delivered to North Korea dictator Kim Jong Un in Pyongyang this month were “hundreds of dollars’ worth of Irish Jameson whiskey, European crystal, an Italian suit, a fur coat, and an English Mulberry handbag for Kim’s wife, Ri Sol-ju,” the Daily Beast said Friday.… Continue Reading
Weatherford International said it received final court approval for the $252.6 million settlement of FCPA and export offenses announced in November.
In an SEC filing, Weatherford said:
On January 17, 2014, the U.S.… Continue Reading
Here’s what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:
In 2012, NCR received anonymous allegations from a purported whistleblower regarding certain aspects of the Company’s business practices in China, the Middle East and Africa.… Continue Reading
It’s probably fair to say that the corporate poster child of FCPA enforcement, right now, is Siemens. But that’s about to change.
A couple years ago, if a law school professor had written up this fact pattern as a hypo on an exam, it would have been dismissed as unrealistic.… Continue Reading
The U.S. Friday published the names of Russians subject to travel bans and asset freezes under the Magnitsky Act.
The Treasury Department’s initial list included 18 names. Most have been implicated in the jailing and death of Russian lawyer Sergei Magnitsky.… Continue Reading