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Swiss commodity broker Trafigura plead guilty to crimes related to bribing Brazilian officials of the state owned oil company Petrobras.
The $126 million settlement noted the firm's extensive prior misconduct, as well that "Trafigura was slow to exercise disciplinary and remedial measures," and "Trafigura failed to preserve and produce certain documents and evidence in a timely manner and, at times, took positions that were inconsistent with full cooperation."
The Latvian partner of a Kansas avionics distributor has been indicted for his role in a years-long scheme to sell sophisticated avionics equipment to Russian companies, in violation of U.S. export laws.
The defendant is the third to be arrested and charged in connection with the conspiracy led by a Kansas company and two U.S. nationals, originally reported on March of 2023
BIS Update Conference Standing Room Only
The Commerce Department's Bureau of Industry and Security 2024 Update Conference kicked off Wednesday to a full house in Washington, with over 1,100 …
Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a Chinese company responsible for a wide range a wide of "malicious cyber operations" targeting high-ranking U.S. government officials including staff at the White House; the Departments of Justice, Commerce, the Treasury, and State; members of Congress, including both Democrat and Republican Senators; the United States Naval Academy; and the United States Naval War College’s China Maritime Studies Institute.
The organization also is responsible for cyber attacks on multiple Defense Industrial Base victims, including a defense contractor that manufactured flight simulators for the U.S. military, a Tennessee-based aerospace and defense contractor, and an Alabama-based aerospace and defense research corporation. Additionally, APT 31 actors gained unauthorized access to a Texas-based energy company, as well as a California-based managed service provider.
Treasury’s Office of Foreign Assets Control (OFAC) sanctioned thirteen entities and two individuals for operating in the financial services and technology sectors of the Russian Federation economy including persons developing or offering services in virtual assets that enable the evasion of U.S. sanctions.
“Russia is increasingly turning to alternative payment mechanisms to circumvent U.S. sanctions and continue to fund its war against Ukraine,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson.
In this final rule, persons blocked under fourteen OFAC sanctions programs will be subject to stringent export controls under the EAR.
Each program is listed below with the corresponding sanctions authority and program code or “identifier,” arranged by thematic program to assist understanding.
Related to Russia’s invasion of Ukraine:
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