Ignorance of US Export Control Laws is Not a Defense

Why do companies—even large multinationals—often overlook compliance with U.S. export control laws despite the serious repercussions for noncompliance, including denial of export privileges? One of the possible reasons could be that in many instances organizations are not completely familiar with the nuances of the U.S. export control regime. Regardless of the underlying reasons for non-compliance, the consequences…

GTO Miami Real Estate

GTO: Regulators’ crackdown on laundered money invested in U.S. real estate

In 2015, The New York Times published a shocking piece naming several wealthy foreigners who had purchased United States real estate for many multiple millions of dollars. Among others, the article named Vitaly Malkin, a former Russian politician and banker involved in a variety of financial scandals—barred from entering Canada because of suspected connections to…

Understanding Risks of Investing in Iraq Key to Success

Commentary by Michael Diaz, Jr., Halim Gebeili, and Arti Sangar Daily Business Review August 1, 2012 As Iraq recovers from decades of war, U.S. businesses are taking a close look at potential investment opportunities. Project financing is par­ticularly important, as Iraq needs new power plants, housing developments, roads, bridges, ports and telecommu­nications systems. Because security…