The U.K. opened a record number of sanctions-related investigations during the 2023-24 fiscal year and is expecting to soon issue multiple Russia-related penalties, the country’s Office of Financial Sanctions Implementation said in its annual report published March 21.
The Commerce Department’s long-awaited proposed rule on routed exports is essentially ready to be published, but it’s unclear how long it may take the new Trump administration to give the agency the green light, officials said last week.
The Bureau of Industry and Security is working on multiple export control-related investigations that could soon lead to public penalties and criminal indictments, Commerce Department officials said last week. They also said BIS is doubling down on Iran-related enforcement as part of the Trump administration's renewed maximum pressure campaign against the country.
It’s still unclear how the Trump administration will approach the Bureau of Industry and Security's artificial intelligence diffusion rule or any of the agency’s recently published proposed or interim final rules that haven’t yet taken effect, a Commerce Department official said.
A new automated tool that allows the Bureau of Industry and Security to screen license applications against certain U.S. government intelligence information could lead to an uptick in license denials, a Commerce Department official said.
The Bureau of Industry and Security is considering expanding its statute of limitations for certain export control violations, a Commerce Department official said.
The Bureau of Industry and Security is hoping to publish new guidance to clarify due diligence expectations for companies subject to the agency’s recent semiconductor-related export control rules, Commerce Department officials said this week. They also said the agency is hoping to expand its list of approved designers that will benefit from some licensing carve-outs for certain chip exports.
The Bureau of Industry and Security hasn't yet lifted all the licensing holds that began for export applications in early February, a Commerce Department official said this week, although the agency is hoping to make progress on the holds soon.
The Trump administration plans to substantially increase fines against companies that violate export controls, including against China, Commerce Secretary Howard Lutnick said this week. He also said the U.S. is planning to incorporate export control commitments into free trade deal negotiations as a way to incentivize trading partners to better restrict their sensitive technologies.
Three U.K.-registered charity organizations violated the country’s financial sanctions regulations when they failed to respond to letters from the Office of Financial Sanctions Implementation, the agency said this month.