The Treasury Department’s Office of Foreign Assets Control (OFAC) has amended the Cuba sanctions regulations for the second time this year.
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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.
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.
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.
Here's what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:
It’s probably fair to say that the corporate poster child of FCPA enforcement, right now, is Siemens. But that’s about to change.
In response to findings of an internal investigation triggered by a whistleblower complaint, Atlanta-based NCR Corporation said it identified 'a few opportunities to strengthen [its] comprehensive FCPA compliance program, and remediation measures were proposed and are being implemented.'