You are reading the November 2024 Update of the Bass, Berry & Sims Enforcement Roundup, where we bring notable enforcement actions, policy changes, interesting news articles, and a bit of our insight to your inbox.
- Department of Homeland Security (DHS) adds almost 30 entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List.
- The Treasury Department’s Office of Foreign Assets Control (OFAC) designates Gazprombank and other Russian financial institutions and parties.
-OFAC imposes a $1.1 million penalty against a U.S. person for violating the Iranian Transactions and Sanctions Regulations (ITSR).
- American Life Insurance Company settles with OFAC to resolve allegations it had provided insurance policies to entities affiliated with the government of Iran.
- Telefónica Venezolana agrees to pay the Department of Justice (DOJ) over $85 Million to resolve an investigation into Foreign Corrupt Practices Act (FCPA) violations.
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