trade sanctions Archives - Corruption, Crime & Compliance

24 Nov, 2024

Episode 346: Forecasting the 2nd Trump Administration Enforcement and Compliance Impact

As the dust settles on the U.S. Election, companies are quickly analyzing the implications for the economy, business environment, new enforcement priorities and compliance implications. When new Administrations come into power, change is inevitable. Given the change with President Trump’s return to the White House, and in light of several of his stated intentions, companies should prepare for this new environment. The Trump Administration’s priorities...

Forecasting the 2nd Trump Administration: Foreign Policy Changes and Increased Trade and Tariff Enforcement (Part II of III)

General

12 Nov, 2024

Forecasting the 2nd Trump Administration: Foreign Policy Changes and Increased Trade and Tariff Enforcement (Part II of III)

The 2nd Trump Administration will mean significant change in foreign policy, most especially the importance of ending the Russia-Ukraine war, increased focus on Iran and its proxies, and aggressive use of trade policies and tools to execute the policy and promote United States businesses. Since the start of the Russia-Ukraine war and the unprecedented global sanctions and export controls regime, trade enforcement and compliance have...

Corporate Crime and National Security – The Confluence of Prosecution and Foreign Policy (Part I of III)

General

16 May, 2023

Corporate Crime and National Security – The Confluence of Prosecution and Foreign Policy (Part I of III)

To restate the obvious – DOJ has prioritized prosecution of national security crimes. For the business world, every company touches the international economy. Even a domestic company might sell products or services outside the United States, or such companies depend on foreign products or services in their supply chain. It is rare indeed to find a company that is not dependent on one way or...

NewTek, Inc., a Software Provider, Settles OFAC Violations for $189,483

General

20 Sep, 2021

NewTek, Inc., a Software Provider, Settles OFAC Violations for $189,483

The Treasury Department’s Offices of Foreign Assets Control (“OFAC”) continues its enforcement run in 2021, and added yet another tech company to its list of targets. NewTek, Inc. (“NewTek”), a software provider that develops and supplies live production and 3D animations hardware and software, agreed to pay $189,483 to settle 52 violations of the Iran Sanctions Program. NewTek’s violations arose from its sales to foreign...