- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-06-26T16:26:00
PetroChina International America (PCIA) agreed to pay a fine and forfeiture of $14.5 million to settle charges with the Department of Justice (DOJ) that it violated U.S. export control laws.
PCIA, a subsidiary of PetroChina International, agreed to pay the penalty after authorities discovered evidence that the company reported inaccurate information in the government’s Automated Export System (AES), an electronic database that exporters use to declare international exports from the United States, the DOJ announced in a press release Tuesday.
The DOJ acknowledged the company fully cooperated with its investigation in reaching settlement, including certain compliance undertakings.
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2024-07-12T19:17:00Z By Adrianne Appel
Marathon Oil Company agreed to pay $241.5 million and bring the company into compliance with federal emissions rules in the vicinity of North Dakota’s Fort Berthold Indian Reservation after years of violations, the Department of Justice said.
2024-06-12T21:47:00Z By Kyle Brasseur
Matthew Axelrod, assistant secretary for export enforcement at the Bureau of Industry and Security, addressed efforts to reach financial services firms, working with the Financial Crimes Enforcement Network, and more during his fireside chat at CW’s Financial Crimes Summit.
2024-03-22T15:57:00Z By Kyle Brasseur
The Bureau of Industry and Security adopted a final rule to extend its export restrictions across more entities and individuals designated under certain sanctions programs maintained by the Office of Foreign Assets Control.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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