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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
ESCO Pays $2 Million for Cuba Sanctions Violations
ESCO, a maker of metal parts for the mining, oil and gas, construction and other industries, today reached a $2 million settlement with the Treasury Department’s Office of Foreign Assets Control for violations of the Cuban Assets Control Regulations. According to OFAC, ESCO appeared to have violated these reegulations when ...
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