OFAC

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OFAC levies another HUGE penalty. Will you be next?

The Office of Foreign Assets Control (OFAC) released information on October 20th about yet another violation of their sanctions program and the dollar amount is sure to raise some eyebrows. Crédit Agricole Corporate and Investment Bank (CA-CIB) settled their civil liability for apparent violations of multiple sanctions programs.  For a number of years, dating back to [...]

Preventing Vendor Fraud

There is no getting around the risk of Fraud.  The threat is pervasive in the American workplace where - as my colleague Josh Morrison pointed out in a blog last month - the Association of Certified Fraud Examiners estimates that fraud costs organizations about 7% of annual revenues.  That's nearly a Trillion Dollars!  One of [...]

By | September 15th, 2015|Categories: Lavante|Tags: , , , , , |0 Comments

Your Company is at Risk for Severe Fines and Penalties

The Office of Foreign Assets Control administers and enforces economic sanction programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers. These sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals. The U.S. government has become increasingly [...]

By | March 3rd, 2015|Categories: Lavante|Tags: , , , , |0 Comments