Grayston & Company is proud to be sponsoring an upcoming seminar entitled “EU Export Controls and Trade Sanctions: From Compliance to Strategy”, held by the Industrial Association of Ticinesi.
In the just published 2014 OFAC (*) Civil Penalties Information Chart four out of the ten companies who settled with the US authorities since January 2014 for alleged breaches of US trade sanctions are non-US companies. Three of them are EU companies.
Whereas the number of OFAC enforcement actions per year has been declining in the last decade, the financial amounts involved per year have been rising. Even though the biggest fines or settlements have usually been with financial institutions, other sectors, and both large and small companies as well as private individuals can and do get hit by US measures.
GCO is honored to once again be an active sponsor of the next International Compliance Professionals Association event.
The 5th Annual ICPA EU Conference, will be held at the World Customs Organization (WCO) headquarters in Brussels, Belgium from 13 to 14 May 2014.
More info is available at the conference event website.
We look forward to meeting you there.
Companies doing business in the EU have to comply with EU and national personal data privacy legislation. Unfortunately the data privacy legislation in the EU is not yet fully harmonized. This means that in practice, although companies can expect commonalities between legislations of the EU Member States as a result of the EU Data Privacy Directive, companies still have to verify what obligations and restrictions the various national data privacy legislations and regulators of the countries they are active in impose on them.