July 17, 2019
This quarter, the Trump Administration continued its “maximum pressure” campaign against Iran, extending sanctions to its metals industries and senior officials as prospects of an EU alternative payment system all but collapsed. OFAC also maintained focus on Venezuela, disrupting the country’s oil revenues and its ties to Cuba. Meanwhile, OFAC published new guidance for building an effective sanctions compliance program and revised regulations governing reporting requirements. On track for a record number of enforcement actions, OFAC announced multiple resolutions, including settlements with three U.S. entities for arranging Cuba-related travel services. Finally, Turkey’s scheduled purchase of a Russia-developed defense system will test the Trump Administration’s resolve in imposing mandatory CAATSA sanctions.
July 3, 2019
Shearman & Sterling’s bi-annual Trends & Patterns in FCPA Enforcement report provides insightful analysis of recent enforcement trends and patterns in the U.S., the U.K. and elsewhere, as well as helpful guidance on emerging best practices in FCPA and global anti-corruption compliance programs.
May 9, 2019
In this quarter, OFAC lifted sanctions on Rusal and other companies following divestment by Oleg Deripaska. Meanwhile, as Venezuela descends into economic and political crisis, the US targeted PdVSA and others to hasten regime change.
March 20, 2019
Partner Brian Burke (New York/Shanghai – Litigation) will present on the topic of “Curing Corruption in China’s Healthcare Industry – Risks and Opportunities” at a briefing hosted by The British Chamber of Commerce in Hong Kong on March 20, 2019.
March 19, 2019
Shearman & Sterling won four awards from China Business Law Journal’s China Business Law Awards 2019, in the categories of Anti-Bribery & Compliance, Capital Markets (Overseas), Construction and Infrastructure, and Dispute Resolution.
March 13, 2019
January 22, 2019
Closing out 2018, OFAC announced its plan to lift sanctions against United Co. Rusal and others, despite bi-partisan opposition from Congress. Simultaneously, OFAC continued to target Russia’s defense and intelligence sectors for continued destabilizing activity in Ukraine, and worldwide elections interference.
January 7, 2019
Partner Philip Urofsky (Washington, D.C.- Litigation) was interviewed in the FCPA Compliance Report Podcast, where he discussed some of the top highlights from Shearman & Sterling’s
FCPA Digest 2019 with host Tom Fox. The episode aired in January 2019.
January 4, 2019
Partner Philip Urofsky (Washington, D.C.- Litigation) was quoted in a
Corporate Counsel article titled “FCPA Lawyer Predicts GCs, CCOs Have Targets on Their Backs in 2019.”
January 2, 2019
Shearman & Sterling’s bi-annual Trends & Patterns in FCPA Enforcement report provides insightful analysis of recent enforcement trends and patterns in the US, the UK and elsewhere, as well as helpful guidance on emerging best practices in FCPA and global anti-corruption compliance programs.
September 27, 2018
Partner Brian Burke (New York/Shanghai – Litigation) spoke at the OECD (Organization for Economic Cooperation and Development) headquarters in Paris, France for the 6th Cercle de la Compliance Conference on September 27.