OFAC is amending and reissuing the Global Magnitsky Sanctions Regulations (31 CFR part 583) as a more comprehensive set of regulations that includes additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public. Further, OFAC is adding the Uyghur Human Rights Policy Act of 2020, as amended to the authority citation of 31 CFR part 583. Due to the number of regulatory sections being updated or added, OFAC is reissuing the Regulations in their entirety.
Chinese printer manufacture Ninestar, parent of Lexmark International, has filed a lawsuit against the U.S. Department of Homeland Security (DHS) and other related parties of the U.S. government before the U.S. Court of International Trade. DHS added Ninestar and certain of its subsidiaries to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, and the company "is suffering irreparable harm to its business and reputation based on the listing," according to a statement.
Arizona-based First Solar released findings from a third party audit of their Malaysia facility, highlighting unethical practices involving foreign migrant workers. The report details the actions taken by First Solar to address the issues, emphasizing the company's commitment to transparency and responsible solar energy development.
The Uyghur Region produces between one third and one half of the world’s solar-grade polysilicon, as well as much as 32% of global metallurgical grade silicon (MGS), polysilicon’s pre-cursor material. So if it's a solar panel, the odds are good slavery had a hand making it. Alan Crawford and Laura Murphy of Sheffield Hallam University published a review of the solar panel supply chain and its potential exposure to modern slavery, and the findings were discouraging. “Despite significant global pressure for increased transparency, information regarding solar industry sourcing is becoming less transparent over time, thwarting the world’s ability to source ethically,” the Authors write.
The operating practice of trade compliance is bifurcated into customer due diligence (CDD) and managing import and export controls. CDD involves vetting customers and suppliers using …
As global supply chains become increasingly complex, businesses face significant challenges in ensuring compliance with laws, regulations, and industry standards. Non-compliance can lead to legal penalties, financial losses, and reputational damage, making supply chain compliance risk mitigation crucial.
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.