In May, the US Court of Appeals for the District of Columbia issued a rare ruling reversing in part monetary penalties issued by the Department of Treasury’s Office of Foreign Assets Control (OFAC) against … [Read more...]
TransUnion Must Pay $60M For Mistakenly Tagging People As Possible Terrorists
A federal jury in California has ordered credit reporting agency TransUnion to pay $60 million to individuals it wrongly tagged as terrorists or drug traffickers. Under the Fair Credit Reporting Act (FCRA), … [Read more...]
US drops sanctions against Irish-based Pacnet executives
US authorities have dropped sanctions against a number of Irish-based executives working for payments company Pacnet, who were linked to an investigation of the Canadian-headquartered group last year. Last … [Read more...]
US Sanctions Against Burma Lifted on October 7 With President’s Executive Order
On Friday, October 7, 2016, President Obama delivered on a promise that he had made in September by signing an executive order terminating the economic and financial sanctions program on the country of Burma … [Read more...]
Port of Mariel eyes new transhipment volumes as US lifts time ban on vessels from Cuba
Prospects of the Cuban port of Mariel capturing US transhipment volumes have significantly improved since the US government last week lifted a ban on foreign vessels calling at US ports within 180 days of … [Read more...]