The Office of Foreign Assets Control this week updated an entry on its Specially Designated Nationals List for Aviad Shlomo Sarid, a leader of the group Tzav 9, an Israeli extremist group that the U.S. sanctioned in June for blocking aid to Gaza (see 2407110018 and 2406170030). The update revises identifying information for Sarid.
The U.K.’s Office of Financial Sanctions Implementation issued new guidance July 16 to clarify how its Russia-related sanctions apply to certain business services, including operating or managing a trust.
The Office of Foreign Assets Control this week sanctioned three accountants and four companies linked to a timeshare fraud led by the Mexico-based Cartel de Jalisco Nueva Generacion. OFAC, the Financial Crimes Enforcement Network and the FBI also issued a joint alert urging financial institutions to submit suspicious activity reports to FinCEN about transactions that may be tied to timeshare fraud in Mexico, along with several red flags to monitor.
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The State Department’s recently published spring 2024 regulatory agenda mentions several rules that could update defense export controls under the International Traffic in Arms Regulations, including one that would update ITAR language surrounding defense services and another to revise controls for certain circuit boards and semiconductors.
The EU General Court last week annulled three European Council decisions sanctioning Vladimir Rashevsky, former CEO and director of mineral fertilizer giant EuroChem. The court didn't consider the most recent listing decision imposing sanctions on Rashevsky.
The U.S. District Court for the Western District of Kentucky on July 9 denied a U.S. defense manufacturer's motion to dismiss allegations that it criminally smuggled weapons by selling drawings of a rare earth permanent magnet used in F/A-18 Super Hornets to China (U.S. v. Quadrant Magnetics, LLC, W.D. Ky. # 3:22-CR-88-DJH).
A Dutch construction equipment supplier will pay nearly $2 million after the Netherlands accused it of violating sanctions against Russia, the country’s public prosecutor office said last week. The Dieseko Group reached the settlement after the Netherlands said it sold pile drivers and related parts in 2015 and 2016 for the construction of the Crimean Bridge, which linked Russia and Crimea.
The Bureau of Industry and Security recently suspended the export privileges of four people, including two for violating U.S. restrictions against Russia and two others for illegal ammunition exports.
Rep. Maria Salazar, R-Fla., introduced a resolution last week opposing the lifting of sanctions against Cuba or the removal of Cuba from the State Department’s state sponsors of terrorism list.