- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: Anyone involved in international trade might hope that one day, in the long run, export control reform will alleviate the compliance burden companies face now. In the short run, however, expect even more pain as reform ideas inch along. “This is one of the most complex and changing environments ...
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Image: The U.S. Department of Commerce Bureau of Industry and Security is considering proposed rules that, on the one hand, would significantly raise the stakes for companies that run afoul of export control regulations but, on the other hand, bring greater transparency to the enforcement process. “The guidelines generally provide ...
The U.K. Financial Conduct Authority has fined Metro Bank 16.6 million pounds (U.S. $21 million) for an alleged failure by its automated system to adequately monitor money laundering risks.
A subsidiary of Spanish telecommunications provider Telefónica S.A. will pay $85.2 million to settle a charge that it violated the Foreign Corrupt Practices Act when it paid bribes to Venezuelan officials to gain preferential access to a currency auction.
