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Content Type: Publications Tagged: 'Nicholas Turner'

Results 1-10 of 47

OFAC Announces Nicaragua Sanctions Regulations

5 September 2019

Publication

Further to Executive Order 13851, "Blocking Property of Certain Persons Contributing to the Situation in Nicaragua" and several previously announced sanctions against high-ranking Nicaraguan officials, OFAC announced on September 3, 2019, the Nicaragua...

Debarment: Asia Pacific Raises the Bar on Public Procurement

26 August 2019

Publication

Debarment regimes exclude companies from public procurement opportunities following conviction for specified offences. We examine the global trend towards the strengthening of these regimes and how this is likely to affect companies in the Asia Pacific.

Caveat Emptor – OFAC Fines Creditor for Buying SDN's Troubled Debt

19 August 2019

Publication

On August 16, 2019, OFAC announced a settlement with Atradius Trade Credit Insurance, Inc. ("ATCI"), a US subsidiary of Netherlands-based Altradius N.V.1 ATCI paid $345,316 to settle potential civil liability for two apparent violations of the Foreign...

A Truckload of Compliance Guidance

7 August 2019

Publication

On August 6, 2019, OFAC announced that U.S. parent company PACCAR Inc had settled potential civil liability for 63 apparent violations of the Iranian Transactions and Sanctions Regulations committed by its Dutch wholly owned subsidiary, DAF Trucks N.V. PACCAR Inc...

OFAC Puts Asian Companies on Notice with 'Compliance Framework'

14 May 2019

Publication

Officials from the US Office of Foreign Assets Control (OFAC) have been teasing for months that they would issue guidelines to help companies comply with US sanctions regulations. On 2 May 2019, OFAC made good and published the much-anticipated "A Framework...

A Framework for OFAC Compliance Commitments

3 May 2019

Publication

Last year, OFAC signaled that it would be issuing much-anticipated guidance for companies on building sanctions compliance programs and, on May 2, 2019, OFAC delivered. "A Framework for OFAC Compliance Commitments" (the "Framework") sets forth...