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Results: 1-10 of 674

Commerzbank, Schlumberger settlements mark acceleration of sanctions-related enforcement activities

  • Paul Hastings LLP
  • -
  • USA
  • -
  • March 31 2015

It has been a busy March for officials charged with enforcing U.S. sanctions, anti-money laundering, and export controls laws. In rapid succession

Financial Regulatory Developments 27 March - HM Treasury (Treasury)

  • Dentons
  • -
  • United Kingdom
  • -
  • March 27 2015

The Anti-Money Laundering (AML) and counter terrorist finance (CTF) supervision report for 2013-14 highlights the Government's concerns over the

Paypal settlement highlights OFAC risks for money services businesses

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • March 27 2015

On March 25, 2015, the Office of Foreign Assets Control ("OFAC") of the U.S. Treasury Department announced a settlement with PayPal, Inc

PayPal has no pals at OFAC

  • Bryan Cave LLP
  • -
  • USA
  • -
  • March 27 2015

Internet payment facilitator PayPal recently agreed to pay to the Office of Foreign Assets Control $7,658,300 in fines and penalties to settle

Recent developments in BSAAML and sanctions

  • Sullivan & Cromwell LLP
  • -
  • USA
  • -
  • March 26 2015

On March 12, 2015, Commerzbank AG (“Commerzbank”), Germany’s second largest bank, reached a multi-agency criminal and civil resolution of allegations

PayPal to pay dearly for alleged violations of OFAC sanctions

  • Davis Wright Tremaine LLP
  • -
  • USA
  • -
  • March 25 2015

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a $7,658,300 settlement with PayPal, Inc.(PayPal) to

Commerzbank $1.45b settlement: OFAC continues scrutinizing foreign banks

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • March 24 2015

On March 12, 2015, Commerzbank AG, the second-largest bank in Germany, agreed to civil and criminal settlements with US federal and New York state

Commerzbank agrees to pay an aggregate $1.45 billion to settle both sanctions violations and money laundering allegations

  • Manatt Phelps & Phillips LLP
  • -
  • USA
  • -
  • March 19 2015

Banks are increasingly under pressure by U.S. regulators to be vigilant and enhance scrutiny of their compliance and regulatory programs, to costly

Iran sanctions: EU court rejects Europäisch-Iranische Handelsbank appeal

  • Joseph Hage Aaronson LLP
  • -
  • European Union
  • -
  • March 13 2015

On 5 March 2015 the CJEU handed down its judgment in EIH v Council. This was an appeal brought by Europäisch-Iranische Handelsbank (EIH) against

Doing business in Russia 2015

  • Baker & McKenzie
  • -
  • Russia
  • -
  • March 12 2015

The Russian Federation stretches across Eurasia from Eastern Europe to the Pacific coast. After the collapse of the Soviet Union, Russia became the