Treasury’s Office of Foreign Assets Control (OFAC) and UK officials named associates of Syrian President Bashar al-Assad for the production or export of Captagon, a dangerous amphetamine.

Treasury Secretary Janet Yellen announced a commitment by the United States and more than twenty foreign governments to enhance beneficial ownership transparency.

Assistant Attorney General Kenneth Polite clarified the Department's new  Corporate Enforcement Policy at the Global Investigations Review DC Spring Conference, Washington, DC, March 23.

The RAPTAC received a briefing by Damien Spleeters, Conflict Armament Research, on chains of supply of components found in Russian and Iranian weapons used in Ukraine, and his organizations outreach to industry.

The Commerce Department’s Bureau of Industry and Security Regulations and Procedures Technical Advisory Committee held a marathon open session Tuesday, with a particular emphasis on the microelectronics supply chain.

Next up, a team from the Strategic Radiation Hardened Electronics Council discussed collaborative efforts across agencies and industry to ensure survivable electronics, terrestrial and in space.

DoD is proposing to amend the Defense Federal Acquisition Regulation Supplement (DFARS) to implement a requirement for certain contractors to provide export authorizations to the Defense Contract Management Agency.

The State Departement designated of the former Director of the Paraguayan Civil Aviation Authority, a current member of the Paraguayan Panel for the Discipline of Judges and Prosecutors  and …

Treasury's Office of Foreign Assets Control (OFAC) is amending and reissuing the Belarus Sanctions Regulations, sanctioned a Burmese aviation fuel broker, and updated the SDN List.

Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2024.

Commerce Department’s Bureau of Industry and Security (BIS) published a rule adding 32 parties in eleven countries to the Unverified List (UVL).   

Comments sought for rule prohibiting CHIPS Act funding from benefiting "countries of concern." To ensure that funding provided through this program does not directly or indirectly benefit foreign countries of concern, the Act includes certain limitations on funding recipients . . .

Evan Broderick Acting Executive Director of the Information and Communications Technology and Services (ICTS) program at BIS discussed the OICTS, a rapidly growing enforcement activity that set up shop last March.

“The program started with the 2019 Order 13873. that is the Supply Chain EO as it's commonly referred to. It is essentially said that the secretary of commerce can prohibit or mitigate ICTS transactions: information and communications technology transactions that used data in transferred from and linked to a foreign adversary."

Treasury’s Office of Foreign Assets Control (OFAC) designated four entities and three individuals in Iran and Turkey for their involvement in the procurement of equipment, including European-origin engines of unmanned aerial vehicles (UAV) in support of Iran’s UAV and weapons programs.

This month the Stockholm International Peace Research Institute (SIPRI) released their annual update on international arms transfers. The data revealed that imports of major arms by European states increased by 47 per cent between 2013–17 and 2018–22, while the global level of international arms transfers decreased by 5.1 per cent. Arms imports fell overall in Africa (–40 per cent), the Americas (–21 per cent), Asia and Oceania (–7.5 per cent) and the Middle East (–8.8 per cent)—but imports to East Asia and certain states in other areas of high geopolitical tension rose sharply.

Treasury and the Internal Revenue Service released a notice of proposed rulemaking for the Advanced Manufacturing Investment Credit (CHIPS ITC) established by the CHIPS Act of 2022.

“By providing detailed eligibility guidance for this tax credit, we’re equipping taxpayers with the clarity and certainty they need to make investments that will increase semiconductor manufacturing and strengthen America’s semiconductor supply chain,” said Treasury Secretary Janet Yellen. 

Commerce released a Notice of Proposed Rulemaking for the guardrails intended to ensure technology and innovation funded by the CHIPS and Science Act is not used for malign purposes by adversaries.

Current Export Controls threaten the "seamless collaboration" envisioned by the AUKUS agreement, according to politicians and researchers alike.

The oil price cap sanctions on Russia are proving an unqualified success, according to a senior Treasury official.  Speaking at the American Enterprise Institute,  Ben Harris, assistant secretary for economic policy and chief economist at the Treasury Department discussed the price regime’s effectiveness to date.

The Automated Export System has been modified to report shipments governed by last Fall's Certain Advanced Computing and Semiconductor Manufacturing Items; Supercomputer and Semiconductor End Use Rules.

In a presentation the CBPs Forced Labor Expo in Wednesday, Dr. Laura Murphy of Sheffield Hallam University (UK) made an impassioned plea for industry to know their supply chain.