- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Treasury Department’s Office of Foreign Assets Control has fined a Boston-area software company for violating Iranian sanctions by using Web developers from that country. The company was fined $205,650 despite protests that the amount was too high and “its lack of a compliance program and failure to implement one ...
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Buyer beware: A pattern is emerging with buyer-funded developments—investors tempted by high-yield returns, only to see the projects collapse and their investments disappear.
Image: Questions abound on the U.S.-Iran nuclear deal. Assuming the agreement comes into force, what does that mean for compliance officers? Nothing easy, as your sanctions effort must shift to more complex due diligence efforts. “The sanctions world is moving from an entity-based inquiry to an entity- and activity-based inquiry. ...
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.
