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Entries in Treasury Department (11)

Wednesday
Sep302015

Nina Mohseni: Treasury amends Cuba sanctions again, but embargo remains

Secretary of State John Kerry in a vintage Chevy Impala in Old Havana on August 15, 2015 (State Department photo)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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Wednesday
Jan212015

Easing the embargo: New Cuba trade regulations take effect

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.

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Tuesday
Sep162014

Russia sanctions update: Treasury targets financial, energy, and defense sectors

The Treasury Department’s Office of Foreign Assets Control (OFAC) issued Directives 1 through 4 on September 12 pursuant to Executive Order 13662 (March 20, 2014), “Blocking Property of Additional Persons Contributing to the Situation in Ukraine.”

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Tuesday
Jun242014

Ex-Im Bank probes alleged kickbacks

Four officials of the U.S. Export-Import Bank have been removed or suspended during an investigation of alleged improper gifts and kickbacks, according to a report Monday by the Wall Street Journal.

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Monday
Mar102014

U.S. probes two French banks for possible sanctions, AML violations 

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.

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Friday
Jan242014

Did Dennis Rodman violate the FCPA?

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.

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Friday
Jan242014

Final court approval for Weatherford mega-settlement 

Photo courtesy of Weatherford InternationalWeatherford International said it received final court approval for the $252.6 million settlement of FCPA and export offenses announced in November.

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Tuesday
Dec172013

NCR posts investigation update

Image courtesy of NCR CorporationHere's what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:

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Monday
Apr152013

Wal-Mart’s Victims Part I

It’s probably fair to say that the corporate poster child of FCPA enforcement, right now, is Siemens. But that’s about to change. 

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Monday
Apr152013

U.S. releases first Magnitsky Act sanctions list, Russia retaliates

The U.S. Friday published the names of Russians subject to travel bans and asset freezes under the Magnitsky Act.

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Tuesday
Feb122013

After investigation, NCR beefs up compliance programs

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.'

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