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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2022-09-09T20:39:00
Iran’s minister of intelligence, together with its Ministry of Intelligence and Security (MOIS), were sanctioned Friday by the Treasury Department’s Office of Foreign Assets Control (OFAC) for malicious cyber activities that threaten the national security of the United States and its allies.
Esmail Khatib, head of the MOIS, directs networks that use cyber espionage and ransomware attacks against other governments to further Iran’s political goals, OFAC said. The regulator specifically cited the July disruption of the Albanian government’s computer systems the United States believes to have been sponsored by the Iran government and the MOIS.
Iran and its proxies, OFAC said, have engaged in “malicious cyber operations” that have targeted other governments and private organizations worldwide since at least 2007.
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2023-04-20T16:34:00Z By Jeff Dale
Taiwan-based DES International Co. and Brunei-based Soltech Industry Co. each agreed to pay fines of $83,769 after pleading guilty to Department of Justice charges of conspiring to violate U.S. export laws and sanctions by sending U.S.-origin goods to Iran.
2022-01-12T19:45:00Z By Aaron Nicodemus
Sojitz HK agreed to pay approximately $5.2 million for violations of U.S. sanctions against Iran that occurred when rogue employees deliberately misled company executives and compliance regarding the true origin of goods worth more than $75 million.
2021-09-10T14:51:00Z By Aaron Nicodemus
NewTek, a Texas-based company that develops 3D animation hardware and software, has agreed to pay $189,483 to settle OFAC allegations it knowingly violated U.S. sanctions against Iran.
2024-06-26T14:37:00Z By Aaron Nicodemus
The Treasury Department’s Office of Foreign Assets Control sanctioned nearly 50 entities connected with so-called “shadow banking” networks that help Iran’s military evade U.S. sanctions and to sell the country’s oil and petrochemical products.
2024-06-21T16:37:00Z By Jeff Dale
The Treasury Department’s Office of Foreign Assets Control and Secretary Janet Yellen announced sanctions Thursday against the top leaders of La Nueva Familia Michoacana drug cartel over the illicit trafficking of synthetic opioid fentanyl in the United States.
2024-06-12T02:35:00Z By Jeff Dale
Sanctions compliance officers face myriad challenges as complex geopolitical situations heighten risks worldwide, experts discussed during Compliance Week’s Third-Party Risk Management & Oversight Summit.
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