Ahem. Here is what Nahal Iravani-Sami, president of the Iranian American Bar Association, has to say about whether retail clerks at Apple Store should sell items to customers even if it is disclosed they plan on illegally exporting those items…
A committee of the New Jersey state senate and a committee of the state assembly both recently approved legislation that would prohibit the state from entering into contracts with companies that do business in Iran. I recently posted on Florida’s…
ABOVE: ING Headquarters On June 12, 2012, ING Bank N.V. (“ING Bankâ€) settled alleged violations of U.S. trade sanctions with the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFACâ€) for a record $619 million penalty. ING Bank’s violations…
ABOVE: Mark Zuckerberg© World Economic Forum* An alert reader sent me a story suggesting that the Burmese ruby wedding ring that Facebook mogul Mark Zuckerberg gave his wife might have been imported illegally into the United States. The article is…
In today’s civil penalty releases, the Office of Foreign Assets Control (“OFAC”) announced a settlement with a U.K company, Genesis Asset Managers, LLP (“GAM”), arising from a purchase that one of its subsidiaries, Genesis Investment Management, LLP (“GIM”), also based in…