On June 3, 2021, Ford filed regulatory documents with the Securities and Exchange Commission (“SEC”) indicating the company could face from $652 million to $1.3 billion in penalties based upon a pre-penalty notice from Customs and Border Protection (“CBP”)., click here.
The US Attorney’s Office and CBP are seeking the forfeiture of an ancient roman sculpture seized at a Los Angeles port in 2016. The import documentation filed with CBP in 2016 listed "'Kim Kardashian dba Noel Roberts Trust" as the importer and consignee of the goods. The forfeiture complaint states the documentation presented to CBP contains contradictory information regarding the age and origin of the piece. , click here.
On April 29, 2021, the Office of Foreign Assets Control ("OFAC") announced that MoneyGram Payment Systems, Inc. agreed to remit $34,328.78 in settlement for 359 apparent violations of multiple sanctions programs. Among these violations were the processing of transactions from persons initiating commercial transactions involving Syria, and processing of unlicensed transactions from blocked individuals incarcerated in U.S. federal prisons.
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The Office of Foreign Assets Control ("OFAC") announced a settlement with SAP SE headquartered in Walldorf, Germany in the amount of $2,132,174. SAP SE's settlement arose from 190 apparent violations related to the export of software and related services (including cloud-based software subscription services) to companies in third countries with knowledge, or reasonable knowledge, that the services were intended specifically for Iran. , click here.
The United States has blocked the property of, and placed sanctions on, individuals, entities, and parts of the Russian government that engaged in cyber-attacks and disruption of gas or energy supplies to Europe and Asia., click here.