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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-02-22T14:48:00
The second-in-command at the Treasury Department said the agency is primed to step up its enforcement efforts regarding sanctions and export controls announced against Russia in the year since the country invaded Ukraine.
Deputy Secretary of the Treasury Wally Adeyemo said in remarks delivered Tuesday the agency and its international counterparts are “planning to launch a renewed effort to rigorously enforce the sanctions and export controls we’ve already put in place” regarding Russia. The Treasury is working with its allies in the G7 and European Union to combat sanctions evasion attempts by those “willing to put the people of Ukraine at risk to turn a quick profit,” said Adeyemo.
“We will use all of our economic tools to give countries, companies, and individuals a choice: to do business with a coalition representing half of the global economy or to provide material support to Russia,” he said. “We will use sanctions, export controls, and other tools to prevent the Kremlin from using the money they have to purchase the weapons and goods they need to fight this war of choice.”
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2023-07-10T17:22:00Z By Jeff Dale
The Group of Seven justice ministers announced a Japan-led joint task force to “help Ukraine strengthen the rule of law and fight corruption,” according to U.S. Deputy Attorney General Lisa Monaco.
2023-03-06T20:01:00Z By Aaron Nicodemus
The Bureau of Industry and Security, Office of Foreign Assets Control, and Department of Justice issued guidance to highlight common methods bad actors use to evade sanctions and export controls on Russia and how to spot their use.
2023-02-24T16:45:00Z By Aaron Nicodemus
The Office of Foreign Assets Control unveiled a slew of new sanctions against financial services firms and individuals that either support Russia’s war effort or have been judged to be undermining existing U.S. sanctions.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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