The European Commission this month updated its sanctions guidance on banned Russian diamonds, including sections related to tracing diamond imports, required certifications and verifications, resources for importers and more.
Rep. Jim McGovern, D-Mass., urged the Trump administration Aug. 8 to consider imposing sanctions under the Global Magnitsky Human Rights Accountability Act against those responsible for transnational financial repression of Barlyk Mendygaziyev, a Kazakhstani businessperson based in the U.S.
Rep. Joe Wilson, R-S.C., a senior member of the House Foreign Affairs Committee, urged the Bureau of Industry and Security on Aug. 11 to “move quickly” to remove its export controls on Syria to help the country recover from a 14-year civil war.
Two Republican lawmakers gave different views Aug. 12 on the Trump administration’s decision to allow Nvidia and AMD to sell certain controlled chips to China in exchange for a portion of their sales revenue (see 2508110044).
The U.K. on Aug. 12 amended or corrected a total of four entries under its sanctions regimes covering cyberattacks, Iraq and global irregular migration and trafficking in persons.
The Office of Foreign Assets Control this week sanctioned an armed group, a mining company and two export firms for their ties to violence and the sale of critical minerals in the Democratic Republic of the Congo. John Hurley, the Treasury Department's undersecretary for terrorism and financial intelligence, said the critical minerals trade in the DRC is harming civilians, "fueling corruption, and preventing law-abiding businesses from investing in the DRC."
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A U.S. cryptocurrency trading software company has reached a proposed $2.4 million settlement with the Office of Foreign Assets Control to resolve allegations that it violated U.S. sanctions, the company disclosed this week.
The Trump administration may consider expanding the revenue-sharing arrangements that it reached with Nvidia and AMD to other U.S. companies, the White House said this week.
Rep. Tony Gonzales, R-Texas, introduced a bill Aug. 8 that would sanction persons who knowingly provide content or media services to sanctioned foreign propaganda outlets. The bill was referred to several committees, including House Foreign Affairs. Further information on the legislation wasn’t immediately available.