You are reading the March 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.Continue Reading International Trade Enforcement Roundup – March 2024
Thad McBride
Thad McBride advises public and private companies on the legal considerations essential to successful business operations in a global marketplace. He focuses his practice on counseling clients on compliance with U.S. export regulations (ITAR and EAR), economic sanctions and embargoes, import controls (CBP), and the Foreign Corrupt Practices Act (FCPA). He also advises clients on anti-boycott controls, and assists companies with matters involving the Committee on Foreign Investment in the United States (CFIUS). Thad supports international companies across a range of industries, including aviation, automotive, defense, energy, financial services, manufacturing, medical devices, oilfield services, professional services, research and development, retail, and technology. Beyond advising on day-to-day compliance matters, Thad regularly assists clients in investigations and enforcement actions brought by government agencies, including the U.S. Department of Justice (DOJ), the U.S. Treasury Department Office of Foreign Assets Control (OFAC), the U.S. State Department Directorate of Defense Trade Controls (DDTC), Customs and Border Protection (CBP), the U.S. Commerce Department Bureau of Industry & Security (BIS), and the Securities & Exchange Commission.
Swiss Finance Company to Pay Almost $4 Million for Sanctions Violations
On March 14, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) announced that EFG International AG (EFG), a Switzerland-based bank, had agreed to pay roughly $3.74 million to settle allegations that it had violated multiple U.S. sanctions regimes. Continue Reading Swiss Finance Company to Pay Almost $4 Million for Sanctions Violations
Insights on Russian Sanctions in The Washington Post
I recently shared insights on the landscape of U.S. sanctions on Russia for a story in The Washington Post entitled “Why the U.S. Put a $1 Million Bounty on a Russian Yacht’s Alleged Manager.”Continue Reading Insights on Russian Sanctions in The Washington Post
International Trade Enforcement Roundup – February 2024
You are reading the February 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.Continue Reading International Trade Enforcement Roundup – February 2024
Join Us: 2023 Export Year in Review Webinar
In 2023, U.S. export officials were busy bringing novel enforcement actions, introducing new and far-reaching rules, and issuing guidance (and warnings) to the exporting community. We can expect 2024 to be similar.
Join us for an insightful webinar where Thad McBride and Faith Dibble – international trade attorneys at Bass, Berry & Sims – will delve into the noteworthy enforcement actions of 2023.Continue Reading Join Us: 2023 Export Year in Review Webinar
International Trade Enforcement Roundup – January 2024 Update
You are reading the January 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.Continue Reading International Trade Enforcement Roundup – January 2024 Update
Key Takeaways from 2023 Export Enforcement Report
I recently outlined key takeaways from the “2023 Year in Review” report issued by the U.S. Department of Commerce in early January for a Law360 article. As I explained in the article, the report “emphasizes specific actions and thus serves as a valuable indicator of priorities for BIS [the Bureau of Industry and Security] and other U.S. government actors involved in export compliance, in 2024 and beyond.”Continue Reading Key Takeaways from 2023 Export Enforcement Report
Importance of Cooperation Credit in FCPA Settlements
I recently provided comments for an article in the Anti-Corruption Report examining recent Department of Justice (DOJ) settlements under the Foreign Corrupt Practices Act (FCPA). Continue Reading Importance of Cooperation Credit in FCPA Settlements
International Trade Enforcement Roundup – December 2023 Update
You are reading the December 2023 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.Continue Reading International Trade Enforcement Roundup – December 2023 Update
Effectiveness of Russian Sanctions
I provided insight on U.S. sanctions for an article in Corporate Compliance Insights outlining the top compliance, risk and governance stories of 2023.Continue Reading Effectiveness of Russian Sanctions