U.S. releases new sanctions compliance guidance
Posted on 06-24-2019 by Lisa Thompson

The U.S. Office of Foreign Assets Control (OFAC) has released new guidance on strengthening sanctions compliance programs for companies based in or conducting business in the U.S. In the same month, there have been developments in sanctions in the U.S., China, Russia, Ukraine and Iran, and signs that... Read More

What the Lotte Corruption Case Teaches Us About Risk
Posted on 03-05-2018 by Lisa Thompson

Nothing evokes the public and personal perils of high-level corruption more powerfully than photos of the billionaire chairman of a corporate conglomerate being led to a prison bus in handcuffs. Or almost nothing. Images of his 95-year-old wheelchair-bound father, the founder of the conglomerate, leaving... Read More

Why Easing OFAC Sanctions Won’t Eliminate Risk in Iran
Posted on 08-24-2015 by Ulyana Androsova

After the Iranian Revolution of 1979, the U.S. began leveraging economic sanctions against Iran , expanding them to include companies dealing with the Iranian government in 1995. In 2006, the UN Security Council piled on in an attempt to influence the government’s uranium enrichment program. Decades... Read More