Microsoft has agreed to pay $3.3 million to settle potential civil liability relating to exporting services or software to comprehensively sanctioned jurisdictions and Specially Designated Nationals (SDNs) in violation of OFAC's Cuba, Iran, Syria, and Ukraine-/Russia-Related sanctions programs.
The US and Mexico today announced a course of remediation to address repeated denials of rights at a Troy Michigan-based VU Manufacturing’s automotive components facility in Piedras Negras, Coahuila, Mexico, three miles from the US border.
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.
Treasury’s Office of Foreign Assets Control (OFAC) and UK officials named associates of Syrian President Bashar al-Assad for the production or export of Captagon, a dangerous amphetamine.
The State Departement designated of the former Director of the Paraguayan Civil Aviation Authority, a current member of the Paraguayan Panel for the Discipline of Judges and Prosecutors and …
Treasury's Office of Foreign Assets Control (OFAC) is amending and reissuing the Belarus Sanctions Regulations, sanctioned a Burmese aviation fuel broker, and updated the SDN List.
Treasury’s Office of Foreign Assets Control (OFAC) designated four entities and three individuals in Iran and Turkey for their involvement in the procurement of equipment, including European-origin engines of unmanned aerial vehicles (UAV) in support of Iran’s UAV and weapons programs.
The Treasury Department is designating a network of five companies and one individual for supporting Iran’s unmanned aerial vehicle (UAV) procurement efforts.
Following through on their commitment to “work collectively on further measures on Russian diamonds,” made after last month’s G-7 Summit, US and European Commission officials met …
Elizabeth Rosenberg, the assistant Treasury secretary for terrorist financing and financial crimes, added to the drumbeat of criticism of sanction dodging regimes, telling a meeting of Women in International Trade that the UAE was a “country of focus” for the US.
China touted its own sanctions blacklist, placing Lockheed Martin and Raytheon Missiles & Defence to China’s “Unreliable Entity List” over their participation in arms sales to …