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…
Like Indiana Jones, I hate snakes, and so doing this post (and especially the picture at the right) was a bit unsettling, but the story was just too good to pass up. According to an article in today’s Wall Street…
ABOVE: Robert Mugabe A report in the Zimbabwe Herald, the state-owned mouthpiece for the Mugabe dictatorship, provides an entertaining, if somewhat fictive, account of the recently concluded Zimbabwe Diamond Conference in Victoria Falls. The purpose of the conference was to…