The Compliance Lady
Compliance news and commentary
Category: SANCTIONS
Italian Company to Pay $950,000 for selling US-Origin Parts to Iran
The company agreed to pay $950,000 to settle its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR) Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the… Continue Reading “Italian Company to Pay $950,000 for selling US-Origin Parts to Iran”
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”
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”
In case you missed it, post holidays US Compliance roundup
As 2020 came to a close, our friends in the U.S. have bestowed a few compliance “holiday gifts” upon us… so just in case you missed it, here’s what has been put under our tree: Members-only content. While the blog operates on a free-to-view… Continue Reading “In case you missed it, post holidays US Compliance roundup”
Australia Sanctions Regime To Target Corruption and Human Rights Violations
Compliance Officers may soon add the Australia Sanctions Regime to their compliance toolkit. Starting from next year individuals who commit serious human rights abuses and corruption might be banned from entering Australia and have their assets seized under new laws to be introduced to… Continue Reading “Australia Sanctions Regime To Target Corruption and Human Rights Violations”
OFAC fines Warren Buffett’s Berkshire Hathaway $4.2 million for Iran sanctions violations
OFAC fined Warren Buffett’s company, Berkshire Hathaway, $4.2 million after its Turkish subsidiary (Iscar Turkey) knowingly violated the US sanctions against Iran. Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the content. To continue reading, please… Continue Reading “OFAC fines Warren Buffett’s Berkshire Hathaway $4.2 million for Iran sanctions violations”