Banks may be too big to fail but their employees, apparently, aren’t too small to nail. After taking a boatload of abuse during Senate Banking Committee hearings in December that no individuals were held civilly or criminally liable for the…
Last Friday, there were news reports, like this one in the BBC, that the Twitter account of Somali terrorist group Al-Shabaab, had been suspended by Twitter. Apparently, some of its more outrageous tweets violated the Twitter terms of service. Of…
The new owners of Ellman International Inc., a New Jersey supplier of medical devices, agreed to pay the Office of Foreign Assets Control (“OFAC”) $191,700 to settle charges that the prior owners of the company exported medical devices to Iran…
An article that appeared yesterday on Yahoo News details the war between merchants, consumers and credit bureaus when credit bureaus supply information to merchants indicating that the merchant’s customer is on the Office of Foreign Assets Control’s List of Specially…
During a call today with financial journalists, the Finance Director of Standard Chartered Bank stated that he expected the bank to settle for $330 million federal charges that it violated U.S. sanctions on Iran. Although this settlement has not been…