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Ericsson settles apparent sanctions violation
On 6 June 2018 Ericsson AB (“EAB”, Sweden) and Ericsson, Inc. (“EUS”, Texas, USA), both subsidiaries of Telefonaktiebolaget LM Ericsson...
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Belgium-based credit card company's Settlement with OFAC
The US Department of Treasury's OFAC imposed a settlement amount on the financial firm American Express Company (Amex) for a value of...
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Richemont North America Inc. settles for $334,800
Yesterday, the US Treasury Department's Office of Foreign Assets Control (OFAC) has announced civil penalty on Richemont North America,...
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OFAC's Penalties on American International Group (AIG)
Yesterday, the U.S. Department of Treasury's OFAC has announced the settlement of amount of $148,698 with an American International Group...
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ZTE Settlement with US government
Two Chinese companies, Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd., collectively known as...
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OFAC and UMI Inc. Settlement Announced
United Medical Instruments (UMI) company based in California agrees to settle potential civil liability with $515,400. From 2007 to 2009,...