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USA - October 9 2012
Continuing a trend that has been developing for a few years, headlines were again captured this summer by allegations of U.S. sanctions violations and related money laundering against well-known financial institutions.
USA - July 11 2012
On July 10, 2012, the U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”) announced that Great Western Malting Co. (“Great Western”), a U.S. company, had agreed to pay $1.35 million to settle apparent violations of the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (“Cuba sanctions”).
Iran, USA - May 2 2011
During summer 2010, many of the developed nations initiated sanctions against Iran, a signal that their political discourse was supported by economic realities.
USA - May 4 2010
On April 1, 2010, Daimler AG ("Daimler" or "Company"), a German-based auto maker, agreed to pay more than $180 million in fines to settle dual investigations with the Department of Justice ("DOJ") and the Securities and Exchange Commission ("SEC") (collectively "the Government") related to violations of the Foreign Corrupt Practices Act ("FCPA") and the Securities Exchange Act of 1934 ("Exchange Act").
