- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Justice Department just made it a lot harder to get credit for voluntarily self-disclosing potential violations of sanctions and export controls. Jaclyn Jaeger reports.
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The United States might have lifted sanctions against Sudan, but companies looking to do business there need to understand the many serious compliance hurdles that still exist.
American International Group last month agreed to pay the Office of Foreign Assets Control $148,698 to settle potential civil liability for 555 “apparent violations” of the OFAC sanctions program for insuring Iran, Sudan, and Cuba shipments.
Eight business executives, including the billionaire owner of Indian energy company Adani Group, were charged with fraud for their alleged roles in a multi-million bribery scheme to win a solar energy contract in India.
