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FCPA Blog Daily News

Entries in Sanctions (37)

Friday
Aug112017

Karen Gray: How consistency can make or break a compliance program

Business philosopher Jim Rohn said: “Success is neither magical nor mysterious. Success is the natural consequence of consistently applying basic fundamentals.”

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Friday
Jul212017

OFAC fines Exxon $2 million for violating Russia sanctions, Exxon sues

The Treasury Department's Office of Foreign Assets Control fined Exxon Mobil Corp. $2 million Thursday for signing a joint venture with Russia's Rosneft in "reckless disregard" of Ukraine-related trade sanctions.

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Thursday
Jun292017

AIG fined for insuring Iran, Sudan, Cuba shipments

Insurance giant American International Group agreed to pay the Office of Foreign Assets Control about $149,000 to settle 555 "apparent violations" of OFAC sanctions against Iran, Sudan, and Cuba.

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Friday
Jun232017

OFAC issues new FAQs for Cuba sanctions

The Treasury Department's Office of Foreign Assets Control published Frequently Asked Questions on President Trump’s Cuba announcement.

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Friday
Apr212017

Dear OFAC, How do I get off the sanctions list?

Sometimes those on an OFAC sanctions list want to be removed -- either because they're no longer engaging in the behavior first alleged, or they were put on the list by mistake, maybe because of a same-name mix up.

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Wednesday
Mar222017

Hamid Sharif: Asian Infrastructure Investment Bank takes strong stance against corruption

There are commonalities across the sanction regimes of multilateral development banks (MDB). All have clearly articulated prohibited practices, investigation and sanction procedures, often including an array of possible sanctions and appeals process.

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Wednesday
Jan112017

Iran Sanctions Deal: What happened so far, and what's ahead?

It’s been about a year since the Iran deal, more formally known as the Joint Comprehensive Plan of Action or JCPOA, came into effect. What has that year looked like? And what might be coming for the Iran deal?

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Tuesday
Jan102017

OFAC adds five Russians to Magnitsky sanctions list

The Treasury Department's Office of Foreign Assets Control added five Russians to its list of those sanctioned under the Magnitsky Act for alleged human rights abuses.

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Monday
Oct102016

President Obama ends Burma sanctions

President Barack Obama issued an Executive Order Friday lifting U.S. sanctions against Myanmar that had been in place for nearly 20 years.

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Wednesday
Sep142016

PanAm Seed settles Iran sanctions offenses for $4.3 million

The Treasury Department's Office of Foreign Assets Control said Tuesday PanAmerican Seed Co. paid $4.32 million to settle potential civil liability for Iran sanctions violations.

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Monday
Jul182016

Practice note: New insights from World Bank about its sanctions process

The World Bank’s Office of Suspension and Debarment (OSD) released its latest “Report on Functions, Data and Lessons Learned” this spring. The Report (pdf) provides important insights into the World Bank’s sanctions process.

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Wednesday
May182016

U.S. lifts most Burma sanctions, shows ‘strong support’ for new government

Aung San Suu Kyi, State Counsellor of Myanmar, The U.S. Department of the Treasury’s Office of Foreign Assets Control amended the Burmese Sanctions Regulations Tuesday to support trade with Burma.

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