Denied & Restricted Parties, Enforcement, OFAC, Sudan, UAE, Ukraine, Violations & Fines
By: Danielle Hatch Apollo Aviation Group, LLC (“Apollo”), a Florida company that invests in aviation by acquiring, refurbishing, marketing, and leasing commercial jet aircraft, engines and related assets, and disassembly and resale of aircraft and components has...
Enforcement, Finance & Banking, OFAC, Sanctions, Sudan
By: Danielle Hatch British Arab Commercial Bank plc (BACB), a commercial bank in London, has entered into a settlement agreement with the Office of Foreign Assets Control (OFAC) related to 72 violations of the Sudanese Sanctions Regulations. Between 2010 and 2014,...
Enforcement, OFAC, Sanctions, Sudan, Violations & Fines
By: Thad McBride on July 19, 2018 Thad McBride is a member at Bass, Berry & Sims PLC (Washington, DC) and leads the firm’s International Trade Practice Group. He regularly counsels clients on compliance matters related to economic sanctions and embargoes, export...
Canada, Cuba, Iran, OFAC, Sanctions, Sudan, Violations & Fines
National Oilwell Varco, Inc., a Delaware corporation, and its Canadian subsidiaries, Dreco Energy Services, Ltd (Dreco) and NOV Elmar (NOV) have agreed to pay a combined $25 Million for violations of the Cuban Assets Control Regulations, the Iranian Transactions and...
Iran, OFAC, Sanctions, Sudan, Syria, Violations & Fines
By: Danielle McClellan Alcon Laboratories, Inc., (Fort Worth), Alcon Pharmaceuticals Ltd. (Fribourg, Switzerland) and Alcon Management, SA (Geneve, Switerland) (collectively, “Alcon”) have agreed to settle a potential civil liability with the US Department of...
