The US Treasury Department issued Paypal with a £5M fine after they had allowed payments which violated sanctions and involved links to weapons of mass destruction. Paypal failed to prevent the transactions due to a failed screening process, causing non compliance...
Since the mid-1990s, regulatory expectations on the due diligence carried out in the pharmaceutical sector have become much more complicated. Drugs firms are subject to regulations laid out in the US Foreign Corrupt Practices Act and by the US Food and Drug Administration...