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INSIGHT: Samsung subsidiary Harman fined for violating US sanctions – here are the key lessons

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OFAC, the US Office of Foreign Assets Control

NEWS: World law enforcement chiefs set for EAFCS2026 to enhance fight against fraud and financial crime

NEWS: Orca Fraud raises $2.35M to scale real-time fraud intelligence tech

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NEWS: UK launches ‘Online Crime Centre’ as part of new £250m Fraud Strategy

By SARAH BETH FELIX, Special Correspondent

HARMAN International, an electronics firm which is a subsidiary of Samsung, was recently fined $1.45MM by the U.S. Department of the Treasury’s OFAC (Office of Foreign Assets Control).

This fine, while not much to a global firm like Harman, has several examples of what not to-do for any US company with foreign employees, foreign subsidiaries, foreign distributors, etc.

Here are the operational takeaways:

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NEWS: World law enforcement chiefs set for EAFCS2026 to enhance fight against fraud and financial crime

NEWS: Orca Fraud raises $2.35M to scale real-time fraud intelligence tech

 Premium

NEWS: UK launches ‘Online Crime Centre’ as part of new £250m Fraud Strategy

Regulatory Watch News

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    UNODC

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