Corruption, Crime & Compliance: Deep Dive into SCG Plastics’ $20 Million Settlement with OFAC to Resolve Violations of Iran Sanctions Program
Episode 319 -- Deep Dive into SCG Plastics' $20 Million Settlement with OFAC for Violations of the Iran Sanctions Program
The New Cold War: Risk, Sanctions, Compliance Episode 22: "Focus on Iran: Protests, Sanctions and Oil"
Compliance into the Weeds - SAP Trade Sanctions Enforcement Action
Corporate Law Report: Managing Cyber Risks, BYOD, Obama's NLRB Crisis, Iran Sanctions, and More
On June 2, the Office of Foreign Assets Control (OFAC) sanctioned four Iranian digital asset exchanges — including the country’s largest, which purportedly processed more than 50 percent of all Iranian digital asset inflows...more
Hughes Hubbard’s “Sanctions in a Snap” is intended to provide a clear and concise summary of recent developments from the Office of Foreign Assets Control (OFAC). We hope you find it helpful in assessing U.S. economic...more
On May 18, 2026, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced a massive $275 million settlement with Adani Enterprises Limited (“AEL”) arising from alleged imports of Iranian-origin...more
On April 21, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a new sanctions action under its Economic Fury campaign, targeting Iranian missile and unmanned aerial vehicle...more
Iran's refusal to meet key U.S. terms is threatening global oil and liquid natural gas supply. U.S. CENTCOM imposed a blockade on ships transiting the Strait of Hormuz that either depart from or call at Iranian ports,...more
With the ongoing conflict in Iran, there is understandably some concern as to what impact this conflict is having and how it could potentially impact the fund finance space. Given uncertainty as to when this conflict might be...more
Iran’s closure of the Strait of Hormuz has disrupted global markets and sent energy prices soaring. Control of this strategic waterway, even after the two-week ceasefire announced on April 7, is by far Iran’s strongest weapon...more
Political risk insurance and political violence products are designed for the edge cases that standard property programs often exclude. Where a policy’s insuring agreement is triggered, payment may be restricted if it would...more
The Strait of Hormuz is a prime example: The U.S. Energy Information Administration (EIA) reports that in 2024 oil flows through Hormuz averaged about 20 million barrels per day—roughly 20% of global petroleum liquids...more
In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London...more
The UK and EU continue to evolve their sanctions frameworks to further expand their reach and to cut down on sanctions circumvention. The UK recently sanctioned Rosneft and Lukoil, two of Russia’s biggest oil producers,...more
In October 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) released its latest Financial Trend Analysis (FTA) on Iranian shadow banking. The report offers one of the clearest pictures to date of how Iran...more
On October 23, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a Financial Trend Analysis (“FTA”), identifying $9 billion of potential Iranian shadow banking activity in...more
In this weekly update, we summarise the most notable updates in the UK sanctions world. ...more
In this weekly update, we summarise the most notable updates in the UK sanctions world....more
Between 2006 and 2015, the UNSC adopted a series of resolutions applying economic, financial and trade-related sanctions to Iran in response to its nuclear programme. Specific jurisdictions, such as the United States and the...more
DOJ’s Unicat resolution is a perfect example of the new trade enforcement reality under the Trump Administration. DOJ spearheaded a global resolution of sanctions, customs and export controls violations, while declining to...more
The U.S. Department of the Treasury's (Treasury) Financial Crimes Enforcement Network (FinCEN), published the FinCEN Advisory on the Iranian Regime's Illicit Oil Smuggling Activities, Shadow Banking Networks, and Weapons...more
In this weekly update, we summarise the most notable updates in the UK sanctions world...more
On April 16, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued an update to its Sept. 2019 advisory, addressed to the global shipping and maritime sector, regarding sanctions evasion...more
Córdoba Music Group LLC (Córdoba), a manufacturer of musical instruments based in California, has agreed to pay $41,591 to settle its civil liability for violations of sanctions on Iran. On nine occasions, Córdoba shipped...more
C.H. Robinson International Inc. (CHR), a Minnesota-based global transportation and logistics company, has agreed to pay $257,690 to settle civil liability for 82 apparent violations of sanctions against Iran and Cuba...more