American fashion brand Guess has reacquired its 30% stake from its Russian partner Vyacheslav Shikulov, an unusual move for the Russian fashion market. The deal, valued at €8 million (US$8.5 million), has consolidated 100% of Guess's Russian business after receiving approval from the US Treasury Department.
Weibao Wang, a former software engineer for Apple Inc. and executive at an electric vehicle startup owned by Chinese firms Baidu and Geely, was indicted and charged by the U.S. Department of Justice for allegedly stealing Apple's proprietary self-driving technology.
Koninklijke Philips N.V., a leading global manufacturer of health technology products, has agreed to pay over $62 million in settlement charges brought by the US Securities and Exchange Commission (SEC). The Dutch company has been accused of engaging in improper conduct and bidding practices in China between 2014 and 2019, which involved influencing foreign officials to increase the likelihood of their products being chosen in public tenders.
A federal court unsealed charges against two Los Angeles residents Friday for their involvement in an alleged bribery scheme directed by the People's Republic of China (PRC), marking another chapter in the ongoing confrontation between the United States and China over transnational repression tactics.
Under Secretary of State for Arms Control and International Security, Bonnie D. Jenkins, is set to travel to the Republic of Korea (ROK) from May 29 to June 2, to continue the United States' …
Deputy Attorney General Lisa O. Monaco delivered remarks at the celebration of the International Criminal Police Organization's (INTERPOL) 100th anniversary, praising its "century of transnational …
Global research and advisory firm Gartner Inc. has agreed to a settlement with the Securities and Exchange Commission (SEC) over charges alleging violations of the Foreign Corrupt Practices Act of 1977 (FCPA). The charges pertained to Gartner's business dealings with the South Africa Revenue Service (SARS), which allegedly involved corrupt practices to secure multi-million dollar contracts.
The intersection of information technology (IT) and trade control brings to light the critical role of importing and exporting technical data in today's globalized world. The maxim "Where there is an …
Select Committee on the Chinese Communist Party (CCP) voted in favor of policy proposals designed to combat the ongoing Uyghur genocide and enhance Taiwan's deterrence. The Wednesday adoption of these policy proposals comes on the heels of a March hearing featuring a survivor and witness to the ongoing Uyghur genocide by the CCP. The committee also held an April wargame highlighting the severe consequences of a deterrence failure in the Indo-Pacific.
The Directorate of Defense Trade Controls (DDTC), an arm of the Political-Military Affairs Bureau of the Department of State, has invited public comments from registered members engaged in …
The House Energy and Commerce Committee, under the leadership of Chair Cathy McMorris Rodgers (R-WA), advanced H.R. 1042, the Prohibiting Russian Uranium Imports Act, in a markup session on Thursday. The bill, introduced last month by Rodgers and Rep. Bob Latta (R-OH), Chair of the E&C Subcommittee on Communications and Technology, seeks to ban fuel imports from Russia in a bid to decrease America's dependence on Russian nuclear fuels.
The Subcommittee on Trade of the House Ways and Means Committee met Thursday to begin the “first review of customs operations and regulation in 30 years,” though mostly to address the ongoing debate surrounding de minimis, the “Amazon Loophole” where low value imports receive duty free treatment.
The Treasury Department Office of Foreign Assets Control yesterday announced a $3.3 million settlement with Murad LLC and a $175,000 settlement with a natural US person for violations of US sanctions on Iran.
The time has come to “take off the golden blindfolds and open our eyes to the risks in China,” the head of the House Select Committee on the Chinese Communist Party declared at an evening hearing May 17. Committee Chairman Rep. Mike Gallagher (R-Wisc) said that while a total economic decoupling from China is not possible, his panel will come up with policy recommendations for a “strategic derisking.”
In a flurry of activity by the recently established Disruptive Technology Strike Force, the Justice Department has publicized the indictment of individuals in five distinct cases, originating from five separate U.S. Attorney's offices. This marks the first enforcement actions taken by the Strike Force since its inception.
The United States, backed by the G7 and other international allies, is ramping up worldwide sanctions and restrictive economic measures to further hinder Russia's warfighting capabilities. Commerce, Treasury and the State Department issued separate and joint actions and rules reaching from icebreakers to rubber, with a primary focus on Russia's extractive and weaponry industries.
Commerce and the Justice Department announced actions against an enterprise to ship aircraft parts to sanctioned carriers in Russia. Assistant Secretary for Export Enforcement, Matthew S. …
A bipartisan group of House lawmakers have reintroduced legislation that would require the federal government to screen US outbound investments to countries like China and Russia. The National …
The leaders of the House Foreign Affairs Committee introduced legislation Tuesday to impose sanctions on activities supporting Iran’s missile and drone program ahead of the October expiration of the United Nations missile ban on Iran.
The US Export-Import Bank’s Board of Directors voted yesterday to approve two transactions totaling nearly $600 million in the transportation and energy sectors, subsidizing supplier finance for the Boeing Company and a controls upgrade at an Indonesian oil refinery.