International Trade Enforcement Roundup – December 2024

You are reading the December 2024 Update of the Bass, Berry & Sims Enforcement Roundup, where we bring notable enforcement actions, policy changes, interesting news articles, and a bit of our insight to your inbox.

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• An aviation services and products firm agreed to pay more than $55 million to settle Foreign Corrupt Practices Act (FCPA) investigations by the Department of Justice (DOJ) and Securities and Exchange Commission (SEC).
• Freight forwarder C.H. Robinson International Inc. settled with the Treasury Department’s Office of Foreign Assets Control (OFAC) related to apparent violations of U.S. sanctions on Cuba and Iran.
• The Department of Commerce’s Bureau of Industry and Security (BIS) penalized Indium Corporation for violations of U.S. export controls on Russia.
• McKinsey’s African subsidiary agreed to pay more than $120 million to resolve an FCPA investigation into a bribery scheme involving South African officials.
• OFAC settled with Córdoba Music Group for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR).
• An aviation equipment supplier settled with OFAC for inadvertently conducting business with sanctioned Russian parties.

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