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Entries tagged “Compliance Professionals”

Non-U.S. Companies Fined for OFAC Violations

Insight August 03, 2017
Having historically targeted banks, OFAC shows interest in penalizing banks’ customers that send illegal payments through the U.S. financial system.  OFAC's action is significant because it appears to be the first time the entity penalizes a non-U.S., non-financial company for “causing” sanctions violations by

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U.S. Sanctions Developments: New Opportunities and Risks in Cuba, Iran and Sudan

Insight July 21, 2017
In the last few years, drastic liberalization has changed the comprehensive U.S. sanctions against Iran and Cuba that had been maintained for decades. Iran sanctions were first enacted in 1979 (with the broad secondary sanctions for foreign subsidiaries only in place since 2012). Cuba sanctions began in 1960. Garnering less fanfare, the U.S. also

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Risk & Compliance: Turning third party compliance requirements into a competitive advantage

Insight February 07, 2017
Rimon's Corporate and International Trade Counsel Jill M. Williamson discusses strategies for third parties to turn lemons into lemonade, by leveraging third party compliance requirements into a competitive advantage. "By taking a few proactive, practical steps, companies can turn the ingredients of contracting partners’

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