The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has taken action against two companies linked to the Russian private military company known as the Wagner Group, in an effort to counter Russia's destabilizing activities in Africa, particularly in the Central African Republic (CAR).
A Florida defense contractor has pleaded guilty to felony charges for conspiring to defraud the U.S. government, money laundering, and illegally exporting sensitive military technical data as part of an elaborate international procurement fraud.
The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and Federal Reserve Board have issued new guidance to assist community banks in developing and implementing effective third-party risk management practices.
The European Parliament has voted to approve a new law aimed at promoting corporate responsibility and accountability across global supply chains. The Corporate Sustainability Due Diligence Directive (CSDDD) will legally require large companies operating in the EU to identify and prevent environmental and human rights abuses throughout their operations and value chains.
In a joint effort to disrupt Russia's earnings from the export of metals, the United States Department of the Treasury, in collaboration with the United Kingdom, has introduced two significant measures aimed at limiting the flow of Russian-origin aluminum, copper, and nickel.
The European Supervisory Authorities (ESAs), comprising the European Banking Authority (EBA), the European Insurance and Occupational Pension Authority (EIOPA), and the European Securities and Markets Authority (ESMA), have commenced recruitment processes for the establishment of a joint oversight team as mandated by the Digital Operational Resilience Act (DORA).
In the wake of the devastating collision between the container ship Dali and the Francis Scott Key Bridge in Baltimore on Tuesday morning, supply chain and third-party risk specialists are closely examining the ramifications of this incident on global trade networks. As experts in identifying and mitigating vulnerabilities within supply chains, they underscore the critical role played by ports like Baltimore and the far-reaching consequences of disruptions in such key nodes.