Tagged: trade sanctions

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

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...