Hard-hitting 'real world' actionable advice from customs compliance and supply chain experts
C TPAT Certification | Trade Innovations, Inc.
  • HOME
  • TRADE SOLUTIONS
    • SOURCING
    • TRADE COMPLIANCE
    • COMPLIANCE AUDITS AND DIAGNOSTICS
    • C-TPAT SERVICES
    • CUSTOMIZED TRAINING
    • IMPORTER SECURITY FILING (ISF)
    • DIRECT-FILING CUSTOMS ENTRIES
  • TRADE UPDATE
  • ABOUT US
  • CONTACT
  • STRATEGIC ALLIANCES
  • DIFFERENTIATION
  • SATISFIED CLIENTS
  • AMUSING AND AMAZING

$787M in Criminal and Financial Penalties

10/23/2015

0 Comments

 
The U.S. Department of Justice (DOJ) has announced that a Paris based bank has agreed to forfeit $312 million and enter into a deferred prosecution agreement with the U.S. Attorney’s Office of the District of Columbia for their violations of the International Emergency Economic Powers Act (IEEPA) and the Trading With the Enemy Act (TWEA).   The bank has also entered into settlement agreements with the Treasury Department’s Office of Foreign Assets Control (OFAC), the Board of Governors of the Federal Reserve System, the New York County District Attorney’s Office and the New York State Department of Financial Services (DFS).  In total, they will pay $787.3 million in criminal and civil financial penalties.

To real the entire DOJ Press Release please follow this link:  $787M in Criminal and Financial Penalties

0 Comments



Leave a Reply.


    Author

    Michael Laden is a Founder and Principal of the firm.  He is a licensed customs broker and has been toiling in the international trade industry for almost 40 years.  His full bio can be found on the ABOUT US page.

    View my profile on LinkedIn

    Archives

    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    November 2014
    October 2014
    September 2014
    July 2014
    June 2014

    Categories

    All

    Picture
    Trade Update Sign-Up QR Code
Copyright © 2017 Trade Innovations, Inc. - All Rights Reserved
✕