A U.S. cryptocurrency trading software company this week agreed to pay more than $3 million to resolve allegations that it helped customers in Iran illegally access digital asset exchanges by suggesting they use virtual private networks to hide their location, violating U.S. sanctions.
The Commerce Department should use its upcoming AI exports program as an opportunity to address export licensing delays within the Bureau of Industry and Security, technology companies and trade groups told the agency in public comments this month.
The U.S. government appears to be focusing more heavily on adding entities to the Pentagon’s Chinese military company list, and Chinese companies are growing increasingly concerned about being added, lawyers said.
Sen. Chris Van Hollen, D-Md., this week criticized the Trump administration’s decision to suspend the Bureau of Industry and Security's 50% rule (see 2510300024) and allow exports of Nvidia H200 chips to China, suggesting the U.S. is sacrificing national security for improved trade relations with China.
President Donald Trump’s decision to allow exports of more advanced AI chips to China could deal a damaging blow to U.S. efforts to convince the Dutch and Japanese to maintain and strengthen their own export controls against China, former Biden administration national security officials said.
The Office of Foreign Assets Control this week announced a $1.092 million settlement with an unnamed former U.S. government official for alleged violations of U.S. sanctions against Russia. The former official, who is also a lawyer, committed the violations while serving as the fiduciary of the family trust of a sanctioned Russian oligarch, OFAC said.
The Commerce Department is working with “all possible speed” to set up its AI exports program and is still accepting feedback on how best to shape it, said Brandon Remington, deputy undersecretary for policy at the International Trade Administration.
The U.S. announced charges against a group of business owners, their companies and associates for illegally exporting advanced Nvidia chips to China the same day President Donald Trump said he plans to ease export controls over those exact chips.
One year after being created, the U.K.’s Office of Trade Sanctions Implementation has “a number of investigations” underway and has received nearly 150 referrals or reports involving possible sanctions and export control violations, the agency said in its first annual report.
Nvidia CEO Jensen Huang was critical last week of U.S. policies that he said are restricting the company from selling its advanced chips in China and pushed back on claims that Nvidia AI processors are being smuggled into the country.