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.
"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
"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
"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