The U.K.’s lead sanctions agency is expecting penalty decisions in a range of Russia-related enforcement actions next year, it said in its annual report released this week.
The U.S. is drafting a new set of export controls to use against China if Beijing follows through on its rules to restrict overseas exports that contain certain levels of Chinese-origin material (see 2510090021), senior administration officials said Oct. 15 during a press conference. They also said they're working to coordinate a response with allies.
The Dutch government’s seizure of semiconductor firm Nexperia came amid U.S. pressure for the Netherlands to intervene in the company’s affairs, court records show. The U.S., in conversation with the Netherlands, cited the firm’s Chinese ownership and the fact that it was set to soon be captured by Entity List restrictions, including those under the Bureau of Industry and Security’s new 50% rule.
The Treasury Department’s Financial Crimes Enforcement Network issued new FAQs last week that it said help clarify certain requirements related to the filing of suspicious activity reports with FinCEN. The FAQs touch on requirements relating to the circumstances under which financial institutions must file the reports, ongoing reviews of customer accounts, and more.
The U.S. should impose new chip-related export controls on China in response to Beijing’s new rules last week that will restrict overseas exports if they contain certain levels of Chinese-origin material (see 2510090021), a former senior U.S. national security official said.
Beijing this week announced a host of new export license requirements for shipments of rare earths, superhard materials and related equipment, including new rules to restrict overseas exports if they contain certain levels of Chinese-origin materials. The country’s Ministry of Commerce also added more than a dozen companies to its Unreliable Entity List for arms sales to Taiwan or for other actions that it said hurt Chinese companies or the country’s “sovereignty” or security.
The Bureau of Industry and Security added 29 entities to the Entity List, including three addresses, for either helping to illegally supply U.S.-origin items to Iran or for their ties to Iranian procurement networks, BIS said in a final rule released and effective Oct. 8. BIS said the entities supplied or diverted aircraft parts, drone components, electronic items and other products to Iran, including to Iranian companies already on the Entity List or the Treasury Department’s Specially Designated Nationals List.
Export controls are likely to continue to be on the negotiating table during upcoming U.S.-China trade talks, panelists said this week.
Exporters shouldn't expect a grace period from enforcement under the Bureau of Industry and Security's new 50% rule, but the agency likely is first looking for intentional violators as opposed to exporters who made good-faith efforts to comply, industry lawyers and advisers said in interviews.
The U.S. ambassador to NATO suggested this week that the Trump administration won’t sign off on any new Russia sanctions until all EU and NATO members stop buying Russian energy.