Category: DOJ

US Sanctions: 4.5 Years in jail and $250k fine for man who provided charter flights to Maduro’s entourage

A man was sentenced in the US this week to 55 months in prison for his connection with a scheme to provide private charter flights to members of former Venezuelan President Nicolás Maduro’s inner circle. Members-only content. While the blog operates on a free-to-view… Continue Reading “US Sanctions: 4.5 Years in jail and $250k fine for man who provided charter flights to Maduro’s entourage”

Samsung Heavy Industries to pay $149M to settle corruption probe in Brazil

South Korean shipbuilder Samsung Heavy Industries (SHI) agreed on Monday to pay $149M in a leniency agreement with Brazilian authorities to resolve investigations into acts of corruption and money laundering. 15 months earlier, the shipbuilder resolved similar allegations with U.S. Authorities. Members-only content. While… Continue Reading “Samsung Heavy Industries to pay $149M to settle corruption probe in Brazil”

INDONESIAN COMPANY FINED $1M BY OFAC AND $1.5M BY THE DOJ FOR SELLING CIGARETTE PAPERS TO NORTH KOREA

The long reach of U.S. law continues to affect persons, and companies around the world. Another non- U.S. company held liable by U.S. Authorities for not having a sanctions compliance program. Members-only content. While the blog operates on a free-to-view basis, your registration is… Continue Reading “INDONESIAN COMPANY FINED $1M BY OFAC AND $1.5M BY THE DOJ FOR SELLING CIGARETTE PAPERS TO NORTH KOREA”

Deutsche Bank fined over $130M to Resolve Bribery and Fraud Violations

Deutsche Bank has agreed to pay US authorities nearly $130M and entered into a DPA to resolve allegations that it breached bribery and fraud laws. A network of consultants in the UAE and Saudi Arabia were used to funnel bribes to clients. Commodities trading… Continue Reading “Deutsche Bank fined over $130M to Resolve Bribery and Fraud Violations”