Blogs > Business Without Borders®

May 23, 2022

Beware OFAC in a Time of Sanctions

On Monday, April 25, 2022, the U.S. Treasury Department’s Office of Foreign Asset Control (“OFAC”) announced a settlement with Toll Holdings Limited (“Toll”), an Australian freight forwarding and logistics company, with respect to Toll’s originations and/or receipt “of payments through the U.S.» Read More

Dec 10, 2021

“Who Are You”: US SEC Identifies Unregistered Soliciting Entities

On Tuesday, November 30, 2021, the U.S. Securities and Exchange Commission (“SEC”) issued a Press Release concerning its most recent update to the list of entities NOT registered with the SEC “that use misleading information to solicit primarily non-US investors.” That update adds 82 soliciting entities, 8 “impersonators of genuine firms,” and 1 “bogus” regulator.» Read More

Aug 30, 2021

Insider Tips: And That IS “Bull”

On Friday, July 9, 2021, the U.S. Securities and Exchange Commission (“SEC”) charged Apostolos Trovias, a Greek national, with selling (from 2016 until early in 2021) what he termed “insider trading tips,” including prerelease earnings reports, on the Dark Web. Trovias, according to the SEC Complaint, operated using the “pseudonymous avatar ‘The Bull’.”» Read More