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Podcast: Corruption Crime & Compliance
Episode: DOJ and OFAC Sanctions Enforcement Review for 2023
Description: The Justice Department and the Office of Foreign Assets Control had a big year in 2023. Criminal and civil enforcement continue to increase. The DOJ has warned corporations that aggressive sanctions enforcement actions are coming -- to that end, the DOJ assigned 25 new prosecutors to the National Security Division to execute on its promise. Meanwhile, OFAC had a record year in collecting $1.539 billion in penalties, largely the result of two blockbuster settlements -- British American Tobacco and Binance, the cryptocurrency exchange.It's important for companies to ensure they have U.S. expertise to effectively address potential...