The Bureau of Industry and Security (BIS), declared the enforcement of financial penalties against two defense companies, resolving alleged infractions of the antiboycott regulations of the …
The Board of Directors of the Export-Import Bank of the United States (EXIM) announced their approval of a 400 million dollar credit guarantee for the trading book of a Swiss commodity trader. Financial Institution Buyer Credit (FIBC) policies backstop credit lines for Geneva – based Trafigura to broker natural gas purchases from the US “primarily to European Buyers,” according to the EXIM announcement.
Representative Mike Gallagher (R-WI), Chairman of the Select Committee on the CCP, and Representative Mike Thompson (D-CA) today unveiled a key piece of legislation that aims to broaden the …
The U.S. Department of Justice (DOJ) and the Office of the U.S. National Intelligence Director (ODNI) have declared the fulfillment of their commitments under President Joe Biden's Executive Order (EO) 14086 regarding the EU-U.S. Data Privacy Framework. Since 2020, when the European Court of Justice nullified the EU-U.S. Privacy Shield agreement due to concerns about U.S. government surveillance activities, the U.S. and the EU have been on a quest to establish a new data flow mechanism. This decision unsettled transatlantic data transfers and necessitated a resolution that would ensure enhanced privacy and data protection for EU data subjects. Secretary of Commerce Gina Raimondo said in a press statement that the DOJ's designation of EU member states, as well as Iceland, Liechtenstein, and Norway, as "qualifying states." These designations allow citizens of these nations to seek redress through the proposed Data Protection Review Court, offering enhanced U.S. privacy protections in the process.
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 …
Along with sanctions on miners affiliated with th Wagner Group, the U.S. released a multiagency advisory on compliance concerns associated with the Gold Trade. Jointly issued by six Departments - State, Treasury, Commerce, Homeland Security, Labor, and the United States Agency for International Development (USAID) the advisory had been delayed several days, along with the Wagner Sanctions, to allow the mutiny in Russia to sort itself out.
Friday, the EU Council announced the adoption of the eleventh comprehensive package of sanctions, imposing restrictive measures on an additional 71 individuals and 33 entities identified as …
An interim report from the House Select Committee on the Chinese Communist Party released yesterday highlights the practices of Chinese online retail platforms Temu and Shein – including avoiding tariffs and failing to prevent forced labor sourcing.
The United States has asked Mexico to look into whether workers at a Mexican denim factory are being denied the right to freedom of association and collective bargaining. The request announced …
Early last month, the U.S. Department of Homeland Security (DHS), in collaboration with the Forced Labor Enforcement Task Force (FLETF), has unveiled the updated UFLPA Entity List. This consolidated register serves as a comprehensive record of the four lists mandated by Section 2(d)(2)(B) of the Uyghur Forced Labor Prevention Act (UFLPA).
It isn’t front and center in the news, but it seems everybody thinks Cuba is the next big thing, and it's been the next big thing for a long time. Our readers would like to hear what you suggest, to Industry and the academic community, about how to engage and how to stay out of trouble in the process
A year ago, a breakthrough was expected in the U.S.-Cuba economic relationship when the Biden administration approved the first OFAC license allowing direct investment in and direct financing to a privately-owned Cuban company. However, no funds have been delivered, due to a lack of regulatory framework by the Cuban government, and conviction in Washington is lacking.
In their Joint Statment, members of the US - EU Trade and Technology Council expressed support for the ongoing sanctions activities, export and investment controls:
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 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 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.
The saga of export enforcement actions against Iran’s first private airline continues with the May 5 renewal of the temporary denial order (TDO) against Mahan Airways and associated persons first issued in March 2008. As the Russian commercial fleet seeks maintenance and repair resources for its western fleet, Mahan's expertise in dodging sanctions is highly sought.
The former Chair of Harvard University's Chemistry and Chemical Biology Department, was sentenced in federal court in Boston today for lying to federal authorities about his affiliation with China's Thousand Talents Program and Wuhan University of Technology (WUT), as well as failing to report income he received from WUT.