Despite increasing export control cooperation between the U.S. and the EU, there’s still “considerable differences” in the two sides’ dual-use export control systems, including across control lists, enforcement issues and reexport control rules, researchers said. A recent report by Istituto Affari Internazionali, an Italian think tank, examines the differences between the two systems and ways they can work closer together, including through a proposal by the European Commission for a new forum for “political coordination” of export controls (see 2405160081).
A June 3 blog post by Defense Trade Solutions, a consultant used by the U.S. defense industry, outlines the licensing and recordkeeping requirements, along with a set of best practices, for brokers involved in exporting defense articles and services.
The Office of Foreign Assets Control this week updated and added to its Syria-related restrictions under several sanctions regimes, including restrictions related to “foreign sanctions evaders.” The agency also added various definitions and a new general license, along with updating other licenses, including changes to a license that authorizes certain legal services.
U.S. in-house attorneys need to be more vigilant than ever when investigating possible export control violations, lawyers said this week, adding that the risks of a possible civil or criminal penalty for a subpar internal investigation, or for not disclosing a violation quickly enough, are rising.
The House version of the FY 2025 Financial Services and General Government Appropriations Bill could withhold funds the Treasury Department’s Financial Crimes Enforcement Network may need to implement or enforce its new beneficial ownership information (BOI) reporting rule.
The U.S. called on Israel to do more to prevent its citizens from attacking Palestinian civilians in the West Bank, saying the U.S. may impose more sanctions against perpetrators.
The State Department’s Directorate of Defense Trade Controls released its annual report to Congress on certain defense exports controlled on the U.S. Munitions List. The report, released June 3, details the aggregate value and quantity of defense items and services authorized to each foreign country and international organization during FY 2023.
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A top Treasury Department official this week called on U.S. companies and banks to bolster their trade compliance efforts, saying they need to do more to prevent their customers and counterparties from buying and shipping sensitive items for Russia’s military.
The EU General Court on May 29 dismissed a suit from Belarusian Airlines AAT challenging the validity of its 2021 sanctions designation.