On November 12, 2019, DXC Technology Co., a Virginia-based IT services company, provided an update on the ongoing investigation by the Office of Foreign Assets Control of the US Department of Treasury, into possible violations of US sanctions laws. In February 2017, the company voluntarily self-disclosed the potential violations, which relate to insurance claims processed by two partially-owned joint ventures of Xchanging that were acquired by DXC’s predecessor, Computer Sciences Corporation, in 2017. The disclosures were made to both OFAC and Her Majesty’s Treasury Office of Financial Sanctions Implementation in the UK. DXC says that it is finalizing its internal investigation, and plans to provide supplemental information to OFAC in early 2020.
November 12, 2019
OFAC investigation of Virginia IT company continues
Related by Topic
DOJ indicts five individuals for facilitating DPRK IT worker schemes
January 28, 2025
News Alert
United States designates individuals and entities under EO 14140, the new Western Balkan sanctions regime
January 21, 2025
News Alert
United States sanctions Yemen Kuwait Bank for supporting the Houthis
January 21, 2025
News Alert