Bureau of Industry and Security (BIS)
- May 20, 2014: U.A.E. Freight Forwarder Pays $125,000 Penalty for Export and Reexport to Syria. Aramex Emirates, LLC, a freight forwarding company located in Dubai, United Arab Emirates (U.A.E.) agreed to pay a $125,000 civil penalty in connection with the unlicensed export and reexport of network devices and software to Syria through the U.A.E. The Department of Commerce said that the items in question could have been used by Syria to monitor internet activity and block pro-democracy websites.
False Claims Act (FCA)
- May 16, 2014: Federal Judge Refuses to Dismiss Two Importers' False Claims Act Case. A Florida federal judge decided to deny the motions to dismiss from C.R. Laurence Company Inc. and Southeastern Aluminum Products Inc. This False Claims Act (FCA) case alleges that the companies knowingly submitted false statement to the U.S. Customs and Border Protection (CBP) to avoid paying duties on imports of aluminum extrusions. The case is an extension of the U.S. Department of Commerce's decision in 2010 to issue anti-dumping and countervailing duties on imports of alumni extrusions from China.
Office of Foreign Assets Control (OFAC)
- Individual Has Agreed to Pay $29,340 to Settle Potential Civil Liability for Alleged Violations of the Iranian Transactions and Sanctions Regulations. OFAC alleged that from on or about May 21, 2007 to on or about November 12, 2009, an individual from Washington state exported, sold, and/or supplied unlicensed medical goods and/or related financial services from the United States to Iran in violation of the Iranian Transactions and Sanctions Regulation. There were 19 separate transactions valued at $49,341.
- Decolar.com, Inc. Has Agreed to Pay $2,809,800 to Settle Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations. Decolar.com, Inc., a Delaware company with headquarters in Buenos Aires, Argentina, together with its subsidiaries and affiliates (collectively, "Decolar") allegedly dealt in property in which Cuba or Cuban nationals had an interest in violation of the Cuban Assets Control Regulations. From March 2, 2009 through March 31, 2012, Decolar's non-U.S. subsidiaries assisted 17,836 persons with flight reservations for travel between Cuba and non-U.S. countries and/or hotel reservations for stays in Cuba, without authorization from OFAC. The base penalty for the apparent violations was $4,2460.000.
- American International Group, Inc. Has Agreed to Pay $279,038 to Settle Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations. OFAC alleged that American International Group, Inc. (AIG), an international insurance and financial services organization headquartered in New York, New York, and its subsidiaries were liable for 3,560 apparent violations of the Cuban Assets Control Regulations, 31 C.F.R. part 515, that occurred between January 1, 2006, and March 29, 2009. During that time period, two AIG subsidiaries in Canada issued or renewed three types of property and casualty insurance policies that insured Cuban risks of a Canadian corporate entity, one AIG subsidiary in Canada maintained a Director's and Officer's Liability insurance policy that insured certain directors and officers of three Cuban joint venture partners of a Canadian corporation, and another AIG subsidiary in Canada sold, renewed, or maintained in force 3,446 individual or annual multi-trip travel insurance policies in which the insured identified Cuba as the travel destination.
Securities and Exchange Commission (SEC) – FCPA
- May 9, 2014: Goldman Sachs' Investigated for Violating FCPA. Goldman Sachs' admitted in a filing with the U.S. Securities and Exchange Commission that regulators are investigating whether it violated the U.S. Foreign Corrupt Practices Act (FCPA) with certain hiring practices.
- May 9, 2014: Former PetroTiger CEO Indicted for FCPA Violations: A federal grand jury in New Jersey indicted PetroTiger Ltd.'s former CEO, Joseph Sigelman, for his alleged role in a scheme to pay bribes to foreign government officials for a $39 million.