An Estonian national has been indicted on eighteen counts related to conspiracy and other charges, including the procurement of sensitive US-made electronics for the Russian government and military. He engaged in this conduct despite being listed on the US Department of Commerce-maintained "Entity List," which designates individuals and companies barred from exporting items from the United States without a license.
A federal court has ordered the forfeiture of approximately $826,000 in funds connected to an attempt to smuggle a dual-use export-controlled item to Russia. The high-precision jig grinder, manufactured in Connecticut, was intercepted in Riga, Latvia, before it could be shipped to Russia. The machine is subject to export restrictions due to its potential applications in nuclear proliferation and defense programs.
Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Uphold HQ Inc. for maintaining accounts in sanctioned countries over a five year period. …
The Treasury and Federal Reserve have jointly fined Wells Fargo Bank nearly $100 million for failing to prohibit sanctions violations conducted on its trade finance platform Eximbills over a period of seven years.
Assistant Secretary for Export Enforcement Matthew S. Axelrod reviewed his team's initiatives in the Research Community in a March 8th speech to the Academic Security and Counter Exploitation Program’s Seventh Annual Seminar.
The Securities and Exchange Commission announced charges against and a settlement with global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a …
Swedish Telecoms giant and serial FCPA violator LM Ericsson signed a new deal with the Justice Department acknowleging further breaches of the deferred prosecution agreement it entered into for corruption in Djibouti, China, Vietnam, Indonesia and Kuwait.
Justice announced the arrest of the principals of a Kansas avionics distributor for the export of aviation technology from the United States to Russia and Russian end users.
BIS export enforcement takes a two-pronged approach to enforcement and compliance. Our focus isn't just within the borders of the US, but it's also beyond our borders.