Sanctions
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FCA advises firms on extra steps to prevent sanctions breaches
The call comes despite the regulator saying firms have made progress in preventing sanctions breaches – but gaps remain.
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New Executive Order threatens sanctions against non-US persons doing business with Cuba
Non-US financial institutions are likely to evaluate Cuba-related customers or counterparties more strictly in light of the new secondary sanctions authority.
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Kpler forum in NYC: Mapping out the shifting global trade, geopolitical risk landscape
As of May 4, the average US gasoline price hit another wartime high of $4.46 per gallon. What could be next for prices, trade flows, and political resolutions?
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Canada’s sanctions guidance for aerospace and defense sectors
Some of the sanctions best practices offered here apply to businesses in multiple industry sectors trying to manage sanctions risks more effectively.
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GE Aerospace settles export control breaches with State Department
The company settled allegations that it violated export-control laws in connection with unauthorized technical data exports to China.
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Podcast: International trade, sanctions, security issues, and Venezuela
The US has offered some loosening of restrictions for approved entities, but compliance risks linger over safety, sanctions, and other trade-based restrictions.
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TradeStation Securities to pay OFAC $1.1m for apparent sanctions breaches
The settlement amount took into account the significant remedial measures TradeStation implemented after discovering the apparent violations, OFAC said.
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FinCEN tells firms to revisit jurisdictional risk, FATF adds countries to monitoring list
While urging vigilance, FinCEN cautioned that firms should avoid “wholesale or indiscriminate de-risking.”