Monday Compliance News - Around the World

GCSG's Monday Compliance News is a compilation of some of the previous week's interesting trade compliance, anti-bribery/corruption, fraud, and due diligence news bites, from around the world.

Exxon fined $2m for violating Russia sanctions while Rex Tillerson was CEO | The Guardian

"ExxonMobil showed “reckless disregard” in violating Russian sanctions while Rex Tillerson was the oil company’s CEO, the treasury department said on Thursday.  The treasury fined Exxon $2m for violating sanctions that the Obama administration imposed on Russian entities in 2014 over Russia’s annexation of Crimea." (Click here for the article) - USA, Russia, Crimea

US, China ink historic milled rice import agreement that could provide big opportunity for Louisiana mills, farmers | Acadiana Advocate

"A historic trade agreement with China will allow exports of milled rice from the United States, providing a big opportunity for Louisiana rice mills and farmers, agriculture officials said Thursday." (Click here for the article) - USA, China

Crimean Scandal prompts Siemens to retreat from Russian energy | Reuters

"Germany's Siemens tried to distance itself from a Crimean sanctions scandal on Friday, halting deliveries of power equipment to Russian state-controlled customers and reviewing supply deals. The industrial group said it now had credible evidence that all four gas turbines it delivered a year ago for a project in southern Russia had been illegally moved to Crimea, confirming a series of Reuters reports.  " (Click here for the article) - Germany, Russia, Crimea