On 2 May 2019, the US Office of Foreign Assets Control (OFAC) published A Framework for OFAC Compliance Commitments (Framework). This long-awaited document sets out OFAC’s expectations for effective sanctions compliance programs (SCPs). While the broad elements of the Framework should be familiar to seasoned compliance practitioners, the details highlight…
Read publication The May 2019 edition of Baker McKenzie’s International Trade Compliance Update features the following updates: WTO: Australia…
On 7 May 2019, the US Department of Justice issued Guidelines for Taking Disclosure, Cooperation, and Remediation into…
On April 30, 2019, the Assistant Attorney General for the Department of Justice’s Criminal Division, Brian Benczkowski, announced the publication of an updated version of the Department’s Guidance Document on Evaluation of Corporate Compliance Programs (the “Revised Evaluation Guidance”). This is an update to the original version of the Department’s…
On 21 March 2019, the US Internal Revenue Service (IRS) issued final regulations (the Final Regulations) relating to…
Despite geopolitical shifts, uncertainty and various factors that seem to affect numerous sectors, the global luxury and fashion…
The settlement agreement has been signed, hands have been shaken, and what seemed to be an endless string of meetings and update calls with the counsel and the government, has come to the end. But not all companies that reached Foreign Corrupt Practices Act settlements with the U.S. Department of…
On 6 March 2019 the Commodity Futures Trading Commission (CFTC) Division of Enforcement released an Enforcement Advisory[1] addressing…
Amendments to FCPA Corporate Enforcement Policy In March 12, 2019, the US Department of Justice (DOJ) modified the…
Leverage the value of connected compliance to your competitive advantage In the autumn of 2017, we spoke with more than 500 UK multinationals about their attitudes to compliance. This year, for the second edition of Connected Compliance we have expanded our research internationally, gathering data from 800 business leaders across…