On October 2, 2016, the National Security Division (NSD) of the U.S. Department of Justice (DOJ) established a formal, voluntary self-disclosure program for criminal violations of U.S. economic sanctions and export controls...more
ANTICORRUPTION DEVELOPMENTS –
DOJ Issues First-Ever Declinations Requiring Disgorgement of Profits to Resolve FCPA Violations -
On September 29, 2016, the Department of Justice (DOJ) for the first time announced...more
11/2/2016
/ Burma ,
Consent Agreements ,
Conspiracies ,
Cuba ,
Declination ,
Disgorgement ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
GlaxoSmithKline ,
Iran Sanctions ,
Myanmar ,
Suspensions & Debarments
Key Points -
- OFAC’s latest changes expand opportunities for U.S. persons to engage in medical research with Cuban nationals, authorize U.S. persons to obtain FDA approval of Cuba-origin pharmaceuticals, and market...more
Former CEO of Harris Corporation’s Chinese Subsidiary Pays $46,000 to Settle Alleged FCPA Violations; No Charges for Company -
On September 13, 2016, the Securities and Exchange Commission (SEC) issued a...more
10/5/2016
/ Airbus ,
Aviation Industry ,
Boeing ,
China ,
Export Controls ,
Film Industry ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Investment ,
General Licenses ,
Iran Sanctions ,
Russia ,
South Korea ,
Subsidiaries
LATAM Airlines Agrees to Pay $22 Million to Settle FCPA Cases -
Last month, LATAM Airlines (“LATAM”), based in Santiago, Chile, agreed to pay $22 million to settle parallel civil and criminal proceedings involving...more
10/4/2016
/ Airbus ,
Aviation Industry ,
Beneficial Owner ,
Boeing ,
Cuban Assets Control Regulations (CACR) ,
Customer Due Diligence (CDD) ,
Deferred Prosecution Agreements ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Narcotics Kingpin Sanctions ,
General Licenses ,
Health Insurance ,
Humana ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
SDN List
LATAM Airlines Agrees to Pay $22 Million to Settle FCPA Cases -
Last month, LATAM Airlines (“LATAM”), based in Santiago, Chile, agreed to pay $22 million to settle parallel civil and criminal proceedings involving...more
10/4/2016
/ Airbus ,
Aviation Industry ,
Boeing ,
Cuba ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Narcotics Kingpin Sanctions ,
General Licenses ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
SDN List
LATAM Airlines Agrees to Pay $22 Million to Settle FCPA Cases -
Last month, LATAM Airlines (“LATAM”), based in Santiago, Chile, agreed to pay $22 million to settle parallel civil and criminal proceedings involving...more
10/4/2016
/ Airbus ,
Aviation Industry ,
Beneficial Owner ,
Boeing ,
Cuban Assets Control Regulations (CACR) ,
Customer Due Diligence (CDD) ,
Deferred Prosecution Agreements ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Narcotics Kingpin Sanctions ,
General Licenses ,
Health Insurance ,
Humana ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
SDN List