Earlier this month, it was announced that Honeywell International, Inc. (Honeywell) had entered into a $13 million administrative settlement with the U.S. government to resolve allegations of export control violations related...more
5/11/2021
/ Aerospace ,
Arms Export Control Act ,
Biden Administration ,
Corporate Counsel ,
Defense Sector ,
Export Controls ,
Failure to Comply ,
Honeywell International ,
ITAR ,
Self-Disclosure Requirements ,
Settlement Agreements
On February 21, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) entered into a settlement with Connecticut-based ZAG IP, LLC (ZAG) (formerly known as ZAG International, LLC) arising from...more
2/27/2019
/ Economic Sanctions ,
Enforcement Actions ,
Foreign Policy ,
Foreign Relations ,
Iran ,
Iran Sanctions ,
Manufacturers ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
Settlement Agreements ,
Supply Contracts
In September, the U.S. government announced a nearly $1 billion FCPA (Foreign Corrupt Practices Act) settlement with the Swedish telecommunications company Telia. The total monetary payment in this global resolution makes it...more
10/30/2017
/ Anti-Corruption ,
Bribery ,
Corruption ,
Deferred Prosecution Agreements ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Manufacturers ,
Regulatory Violations ,
Settlement Agreements ,
Shell Corporations ,
Sweden ,
Telecommunications ,
Uzbekistan ,
White Collar Crimes