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US State Dept reaches $1m settlement with AeroVironment Inc for export control violations
AeroVironment Inc (AV) has reached an agreement with the US State Department to pay $1,000,000 to settle allegations that it breached the Arms Export Control Act (AECA) and the International Traffic in Arms Regulations (ITAR). $500k of the penalty has been suspended on...
United States
Swedbank under investigation for facilitating transactions involving Kalashnikov
A report by Sweden’s broadcaster SVT indicates that Swedbank is currently under investigation by US authorities for potential violations of the US’ Ukraine/Russia sanctions (Executive Order (E.O.) 13661), imposed in response to Russia’s annexation of Crimea in...
US continues sanctions on Iran and Burundi for 1 year
Iran In 1979, the US declared a national emergency in respect of Iran, and imposed US-wide asset freezing measures on the Government of Iran and the Central Bank of Iran. The US has extended the national emergency as declared in Executive Order (E.O) 12170 to continue...
Iran
Burundi