Archive | Embargoes

Schlumberger Subsidiary Pleads Guilty and Agrees to a $232.7M Penalty for Sanctions Program Violations

Drilling and Measurements (D&M), a Texas-based subsidiary of Schlumberger Ltd. was charged with providing oil field services to Iran and Sudan through overseas subsidiaries of Schlumberger Oilfield Holdings from early 2004 through June 2010.  D&M personnel outside the United States often sent emails to a U.S.-based D&M manager justifying requests for services in Iran and Sudan, […]

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PayPal pays $7.7M Fine for 486 Violations

Over the course of several years, PayPal did not adequately screen its transactions for targets of U.S. Proliferation and Trade Sanctions Programs, and processed transactions equaling approximately $43,000 to denied parties.  The company failed to properly screen transactions with OFAC-sanctioned companies and persons resulting in violations of trade sanctions against Iran, Sudan, and Cuba as […]

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Successful Global Trade Compliance Seminar in Taipei – 謝謝大家!

Thank you to the more than 30 attendees who participated in our seminar today on “Expanding with Confidence by Ensuring Global Trade Compliance”.  It was a full house at the Taipei World Trade Center, and we were pleased to meet everyone who came to participate in our event.  We also want to thank the American Institute […]

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C2I Seminar: Expanding Internationally with Confidence by Ensuring Global Trade Compliance

Please join us in Taiwan on February 3, 2015 for a presentation on “Expanding Internationally with Confidence by Ensuring Global Trade Compliance”   Discussion Topics: 1. Gain Insight into the Key Components of a Successful Global Trade Compliance Program a. Export/import, sanctions programs, anti-boycott regulations, and anti-corruption regulations b. Tips for maintaining compliance 2. International […]

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Final Rule on Cuban Assets Control Regulations

On 16 January 2015, a final rule was published in the Federal Register detailing the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) amendments to the Cuban Assets Control Regulations.  These amendments are intended to implement policy changes announced by the President in December 2014, to further engage and empower the Cuban […]

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