Welcome to your Mid-Month Update

Posted Monday, May 20, 2024 3:59 pm

In addition to your monthly edition, we hope you find useful this mid-month summary of recent developments in the field of trade compliance.

Readers interested in more frequent updates on Regulatory and Trade Policy developments may find useful a subscription to The Washington Tariff and Trade Letter, our weekly review of developments. We include a link to the right.

For questions about access or editorial, reach out anytime to

info@traderegs.com

or call the editor, Frank Ruffing at +1.703.283.5220

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E-edition

Export Practitioner Oct. 2026

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Recent stories

Treasury Targets Law Firm and Maritime Network Supporting Iranian Trade

The U.S. Treasury Department on October 21 sanctioned law firm Karnakis and Karnakis , five associated individuals, a cargo fleet operator, and two shipping agents. OFAC also identified nine vessels as blocked property and issued two limited Iran-related general licenses.

Trump to Join Quad Summit as Four-Nation Group Seeks New Momentum

President Trump’s expected participation in a November leaders’ summit could revive a grouping whose momentum has faltered amid diplomatic tensions and competing U.S. priorities.

DHS DeepSeek Removal Order Extends to Third-Party AI Products, Raising Supplier Due Diligence Questions

The Department of Homeland Security has published an order excluding DeepSeek products from federal civilian procurements and requiring their removal from agency information systems. Its reach extends beyond the Chinese developer’s own offerings to “third-party products and services developed using DeepSeek implementations,” raising questions about how federal suppliers identify and document the models underlying their products.

Pentagon Reports Research Security Audits at 30 Universities as MI5 Warns of Chinese Funding Links

The Pentagon’s university audits and MI5’s warning expose a common research security problem: a collaborator’s institutional affiliation may not reveal who ultimately funds or benefits from the work.

Aid and Comfort

President Trump issued an executive order on October 16 implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 while waiving its tariff provisions and numerous sanctions and restrictions.

OFAC & State Roll Out Trade Secret Sanctions on Chinese Fund

The sanctions bring trade-secret risk directly into investment compliance, requiring banks, fund managers, and technology companies to assess their exposure to the designated MiraclePlus entities.