Year: 2024
Swiss Bank Violates OFAC Sanctions Pays $3.7M
The Office of Foreign Assets Control settled its first case of 2024, and it’s a significant one. According to reports, EFG International AG, a private global banking group based out of Switzerland, has agreed to pay over $3.74 million for violations of multiple sanctions programs. The OFAC accused EFG of...
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OFAC Bans Sale of Turbine Lubricants to Russia
The Office of Foreign Assets Control is in charge of issuing economic sanctions against individuals, companies, groups, and countries that are accused of aiding terrorists, narcotics traffickers, or other enemies of the state. These sanctions usually block assets or restrict trade to accomplish various national security goals. A recent action...
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U.S. Sanctions Groups Working with Central Bank of Iran
According to recent reports, the United States Department of the Treasury issued sanctions against three individuals and four entities that they believe are responsible for illegally exporting both goods and technology to Iran. Reports reveal that these individuals and entities developed the procurement network that collected goods, technology, classified information,...
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Cyber Attack on US Water Plants Leads to Sanctions
Cyber crime has been increasing rapidly across the globe, and it’s difficult for cyber security experts to keep up with the constant cat and mouse game. That said, it’s not surprising that US infrastructure gets attacked on a regular basis. Late last year, several cyberattacks on American water plants led...
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Nikhil Gupta Facing Extradition to US
Murder-for-hire schemes are very complicated and typically transpire across international borders. Due to these facts, it’s often very difficult to track down perpetrators who plot and carry out these violent schemes. The U.S. has persistently pursued one such culprit, Nikhil Gupta, an Indian national, after he allegedly conspired to kill...
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Will Julian Assange Finally Get Extradited to the US?
For decades, the U.S. has sought to extradite Julian Assange, the founder and creator of WikiLeaks. The 52-year-old internet vigilante and journalist is facing at least 18 criminal charges in the United States after releasing countless documents, records, and classified materials on his public website, WikiLeaks, over the past several...
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