Web13 apr 2024 · On April 6, 2024, the U.S. Department of the Treasury released a report examining vulnerabilities in decentralized finance (“DeFi”), including potential gaps in the United States’ anti-money laundering (“AML”) and countering the financing of terrorism (“CFT”) regulatory, supervisory, and enforcement regimes for DeFi. The report concludes … Web13 apr 2024 · Office Of Foreign Asset Control - OFAC: A department of the U.S. Treasury that enforces economic and trade sanctions against countries and groups of individuals …
DOJ and OFAC Actions Highlight Importance of Compliance in ...
Web7 mar 2024 · During meetings throughout late 2014, late 2015 and early 2016, outside counsel for ZTE, unaware that the statements ZTE had given to counsel for communication to the government were false, represented to the DOJ and federal law enforcement agents that ZTE had stopped doing business with Iran and therefore was no longer violating … Web12 apr 2024 · On April 4, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions, pursuant to Executive Order 13441, against two politically connected Lebanese brothers who engaged in corrupt practices that contributed to the undermining of Lebanon’s democratic process. As a result of the sanctions, “all property … univ orleans wifi
Credit Suisse, UBS among banks facing US
Web23 mar 2024 · Ending a five-year investigation, ZTE Corp. (“ZTE”), the second-largest producer of telecommunications equipment in China, entered into a plea agreement with the US Department of Justice (“DOJ”) and settlement agreements with the US Department of Commerce’s Bureau of Industry (“BIS”) and the US Department of Treasury’s Office of … Web3 mag 2024 · SAP agreed to pay DOJ $5.14 million, OFAC $2.13 million, and Commerce/BIS $3.29 million. The BIS payment was credited against the OFAC payment to reach a total of over $8 million. SAP earned a NPA under DOJ’s Export Control and Sanctions Enforcement Policy by voluntarily disclosing the conduct, cooperating with the … Web3 mar 2024 · This guidance, promulgated jointly by DOJ, OFAC and BIS (the “Agencies”), focused on steps companies can take to mitigate the risks of sanctions and export … receiving rhymes