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:Robert Mugabe Press reports from Zimbabwe suggest that Chicago-based insurance broker giant Aon may have gotten in hot water with the Office of Foreign Assets Control (“OFAC”) by assisting in the provision of insurance to Mbada Diamonds, one of the…
Odebrecht Construction, Inc., a U.S. subsidiary of the Brazilian firm Odebrecht S.A., filed suit on Monday in federal court asking the court to declare as unconstitutional a Florida law which prohibits the award of state and local contracts to companies…
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…
Qiang Hu, a Chinese national who was sales manager at MKS Instruments Shanghai Ltd. was arrested while he visited the Shanghai company’s U.S. parent, MKS Instruments, Inc. in Andover, Massachusetts. He was arrested on charges that he illegally exported manometers,…