In remarks last week in Lexington, Kentucky, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson spoke to common concerns about the implementation of the Corporate Transparency Act (CTA) which requires certain U.S. and foreign companies to report to FinCEN information about their beneficial owners: "FinCEN is working around the clock to stand up this program in a way that allows you to understand your obligations, provides you the resources to meet them, and ensures the smallest possible burden on you.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated Riad Salameh, the former governor of Lebanon's central bank, and four of his close associates for corrupt and unlawful activities. Salameh allegedly used his position to funnel hundreds of millions of dollars through shell companies for personal enrichment, investing in European real estate. The sanctions do not extend to the Banque du Liban (BdL) or its U.S. correspondent bank relationships.
Bureau of Industry and Security (BIS) is adding four Cyber surveillance entities to the Entity List under the destinations of Greece, Hungary, Ireland, and North Macedonia. The ERC determined to add the firms to the Entity List for "trafficking in cyber exploits used to gain access to information systems, thereby threatening the privacy and security of individuals and organizations worldwide."
A Russian citizen alleged to have ties with Russia's Federal Security Service (FSB) will face charges in a U.S. court today. The charges relate to conspiracy, money laundering, and participating in a …
The Bureau of Industry and Security (BIS), declared the enforcement of financial penalties against two defense companies, resolving alleged infractions of the antiboycott regulations of the …
A Washington State man recieved suspended punishment for export violations committed five years ago. Jaeyoun Jung, of Puyallup faces a a two-year denial of his export privileges, suspended for a two-year probationary period, then waived, provided that Jung has not committed another violation, and has completed an export controls compliance training.
Along with sanctions on miners affiliated with th Wagner Group, the U.S. released a multiagency advisory on compliance concerns associated with the Gold Trade. Jointly issued by six Departments - State, Treasury, Commerce, Homeland Security, Labor, and the United States Agency for International Development (USAID) the advisory had been delayed several days, along with the Wagner Sanctions, to allow the mutiny in Russia to sort itself out.
Treasury’s Office of Foreign Assets Control said Tuesday it has reached a $3.4 million settlement with Swedbank Latvia to settle its potential civil liability for 386 apparent violations of US …
Assistant Attorney General Kenneth Polite Jr. , head of the Department of Justice's (DOJ) criminal division, reports an increase in corporate disclosures following the implementation of new …
The Vietnamese government-owned company VTA Telecom Corporation (VTA) has been administratively debarred for violating the International Traffic in Arms Regulations (ITAR), according to a public notice issued by the Department of State. VTA Telecom Corporation was found to have exported or attempted to export ITAR-controlled defense articles, including hobby rocket motors, video trackers, and a gas turbine engine, without proper authorization.
Weibao Wang, a former software engineer for Apple Inc. and executive at an electric vehicle startup owned by Chinese firms Baidu and Geely, was indicted and charged by the U.S. Department of Justice for allegedly stealing Apple's proprietary self-driving technology.
Koninklijke Philips N.V., a leading global manufacturer of health technology products, has agreed to pay over $62 million in settlement charges brought by the US Securities and Exchange Commission (SEC). The Dutch company has been accused of engaging in improper conduct and bidding practices in China between 2014 and 2019, which involved influencing foreign officials to increase the likelihood of their products being chosen in public tenders.
A federal court unsealed charges against two Los Angeles residents Friday for their involvement in an alleged bribery scheme directed by the People's Republic of China (PRC), marking another chapter in the ongoing confrontation between the United States and China over transnational repression tactics.
Deputy Attorney General Lisa O. Monaco delivered remarks at the celebration of the International Criminal Police Organization's (INTERPOL) 100th anniversary, praising its "century of transnational …
Global research and advisory firm Gartner Inc. has agreed to a settlement with the Securities and Exchange Commission (SEC) over charges alleging violations of the Foreign Corrupt Practices Act of 1977 (FCPA). The charges pertained to Gartner's business dealings with the South Africa Revenue Service (SARS), which allegedly involved corrupt practices to secure multi-million dollar contracts.
In a flurry of activity by the recently established Disruptive Technology Strike Force, the Justice Department has publicized the indictment of individuals in five distinct cases, originating from five separate U.S. Attorney's offices. This marks the first enforcement actions taken by the Strike Force since its inception.
Commerce and the Justice Department announced actions against an enterprise to ship aircraft parts to sanctioned carriers in Russia. Assistant Secretary for Export Enforcement, Matthew S. …
David Last, resigned as chief of the Justice Department’s Foreign Corrupt Practices Act unit. Assistant Chief David Fuhr, has assumed the role as Acting Chief. Mr. Last had been with DOJ for 14 years and was involved with the FCPA Unit since 2016, beginning as a trial attorney and serving as an Assistant Chief and the Principal Assistant Chief. Mr. Fuhr was named assistant chief in October 2019, having previously served as a trial attorney in the FCPA Unit.
The saga of export enforcement actions against Iran’s first private airline continues with the May 5 renewal of the temporary denial order (TDO) against Mahan Airways and associated persons first issued in March 2008. As the Russian commercial fleet seeks maintenance and repair resources for its western fleet, Mahan's expertise in dodging sanctions is highly sought.
The former Chair of Harvard University's Chemistry and Chemical Biology Department, was sentenced in federal court in Boston today for lying to federal authorities about his affiliation with China's Thousand Talents Program and Wuhan University of Technology (WUT), as well as failing to report income he received from WUT.