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Entries in Iran (58)

Wednesday
Mar082017

ZTE Corporation pays $892 million for Iran, North Korea sanctions violations

China's ZTE Corporation agreed Tuesday with the DOJ and two other agencies to pay $892 million for knowingly shipping dual-use telecoms equipment to Iran for six years and lying to cover up the trade offenses.

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Wednesday
Jan112017

Iran Sanctions Deal: What happened so far, and what's ahead?

It’s been about a year since the Iran deal, more formally known as the Joint Comprehensive Plan of Action or JCPOA, came into effect. What has that year looked like? And what might be coming for the Iran deal?

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Monday
Nov142016

National Oilwell Varco pays $25 million for violating Iran, Cuba, Sudan sanctions

Houston-based driller National Oilwell Varco, Inc. reached a settlement with the DOJ, the Commerce Department, the Treasury Department's Office of Foreign Assets Control, and U.S. Immigration and Customs Enforcement for trade sanction violations reaching back to 2002.

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Wednesday
Sep142016

PanAm Seed settles Iran sanctions offenses for $4.3 million

The Treasury Department's Office of Foreign Assets Control said Tuesday PanAmerican Seed Co. paid $4.32 million to settle potential civil liability for Iran sanctions violations.

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Tuesday
Aug232016

Compliance Alert: Enforcement hammer falls on real estate

Regulators charged with enforcing anti-corruption, anti-money laundering, and economic sanctions laws and regulations have turned new attention to the real estate industry, and investigations and enforcement efforts span the globe.

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Friday
Aug192016

Why are kleptocrats so are hard to get rid of?

Corruption, we often hear, "undermines democratic institutions." That's a sterilized phrase. What does it really mean?

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Thursday
Jan282016

Nina Mohseni: Iran sanctions lifted! But wait…which sanctions?

U.S. Secretary of State John Kerry with Iranian Foreign Minister Mohammad Javad Zarif (State Department photo) If you’re a U.S. company -- unless you’re a food, medicine/medical supplies, or civil aircraft/parts supplier -- you still cannot have anything to do with Iran, even after the so-called lifting of sanctions as part of the nuclear accord known as the Joint Comprehensive Plan of Action.

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Sunday
Jan172016

Sunday action: U.S. sanctions eleven for Iran ballistic missile program

The U.S. Treasury Department's Office of Foreign Assets Control imposed new sanctions Sunday against eleven people and companies allegedly involved in Iran's ballistic missile program. The action came one day after President Obama lifted sanctions on Iran's nuclear program and hours after a prisoner swap between Washington and Tehran.

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Wednesday
Nov042015

Deutsche Bank pays $258 million, fires six for U.S. sanctions offenses

Federal and New York authorities said Wednesday that Deutsche Bank will pay $258 million and fire six senior employees to resolve investigations into thousands of illegal transactions with customers in Iran, Libya, Syria, Myanmar, and Sudan.

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Tuesday
Oct202015

Crédit Agricole pays $787 million to resolve U.S. sanctions offenses

French bank Crédit Agricole will pay $787 million and hire an independent monitor after violating U.S. sanctions against Sudan, Iran, Myanmar, and Cuba between 2003 and 2008.

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Tuesday
Aug182015

OFAC: Schlumberger ‘failed to effectively enforce its compliance program’

Image courtesy of SchlumbergerThe Treasury Department's Office of Foreign Assets Control won't impose more fines on Schlumberger for "knowingly and willfully" violating the Iran and Sudan sanctions.

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Wednesday
Jul152015

Sanctions compliance: OFAC statement about the Iran action plan

Image courtesy of the White House via YouTubeStatement Relating to the July 14, 2015 Announcement of a Joint Comprehensive Plan of Action Regarding the Islamic Republic of Iran’s Nuclear Program:

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