On May 2, 2019, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) released guidance on effective sanctions compliance programs. While this is the first document of this kind from OFAC, similar guidance documents by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have been on the books … Continue Reading
On 27 April, the US Department of Justice announced the sentencing of Lim Yong Nam to 40 months in prison for conspiracy to illegally export radio frequency modules from the US to Iran. Separately, it also announced two separate sets of charges: (1) the indictment of Mark Komoroski for the alleged attempted export of two … Continue Reading
