Internet businesses are easily able to reach customers around the world. That worldwide reach, however, only increases a company’s risk of violating U.S. economic sanctions that the company might have not even realized...more
With "compliance" being the buzzword for corporate executives and legal counsel, there is renewed focus on reducing legal risks when exporting or selling overseas. The key is a robust compliance program that outlines the...more
7/30/2020
/ Bribery ,
Buy-In Agreements ,
Chief Compliance Officers ,
Compliance ,
Compliance Management Systems ,
Exports ,
Foreign Corporations ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Partner ,
Foreign Workers ,
Office of Foreign Assets Control (OFAC) ,
Standard Form Contracts ,
Technology Transfer Agreements
On May 14, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the Department of State, and the U.S. Coast Guard issued a Sanctions Advisory for the Maritime Industry, Energy and Metals...more
On May 14, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the Department of State, and the U.S. Coast Guard issued a Sanctions Advisory for the Maritime Industry, Energy and Metals...more
5/18/2020
/ Coast Guard ,
Due Diligence ,
Economic Sanctions ,
Iran ,
Iran Sanctions ,
Maritime Transport ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Shipping ,
Supply Chain ,
Syria ,
Unfair or Deceptive Trade Practices ,
US Department of State
The coronavirus pandemic has affected international trade in a number of ways, from supply chain disruptions, calls to reduce tariffs on U.S. imports, pressure to relax economic sanctions to stem the spread of the virus and...more
Over the past few years, U.S. regulators have made it clear that having comprehensive and effective compliance policies covering trade is a must, regardless of the company size, location or industry. The government’s move to...more
3/26/2020
/ Bureau of Industry and Security (BIS) ,
Compliance ,
Criminal Penalties ,
Economic Sanctions ,
Enforcement Actions ,
Exports ,
Huawei ,
Imports ,
Multinationals ,
Office of Foreign Assets Control (OFAC) ,
Risk Assessment ,
Risk Mitigation