Although the U.S. has had “limited success” in coordinating foreign investment screening with the EU, partly due to a lack of consensus among the bloc’s member states, recent developments suggest that the U.S. should try again, the Atlantic Council said in a new report on China policy.
The Office of Foreign Assets Control on Nov. 12 sanctioned 32 individuals and entities for operating procurement networks that support Iran’s ballistic missile and unmanned aerial vehicle (UAV) production.
The Office of Foreign Assets Control on Nov. 12 sanctioned the Democratic Karen Benevolent Army (DKBA), a Burmese armed group, for supporting Myanmar-based cyber scam centers that target Americans with fraudulent investment schemes.
The recent export controls suspended by the Chinese government created a new framework for export controls that could quickly be reinstated should tensions between the U.S. and China flare up again, according to compliance experts.
The Bureau of Industry and Security again renewed a temporary denial order on Russia's Rossiya Airlines, saying the company has continued to illegally operate planes in violation of U.S. export controls, including on flights between Russia and Uzebekistan and Russia and Egypt, as well as domestically within Russia. The agency renewed the denial order for one year from Nov. 4. BIS first suspended the export privileges of the airline in May 2022 (see 2205200008) and has renewed the order multiple times. The order blocks Rossiya from participating in transactions subject to the Export Administration Regulations.
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The Treasury Department received mixed feedback about its decision to delay new regulations that were set to make investment advisers subject to anti-money-laundering (AML) and countering the financing of terrorism (CFT) requirements, a Biden-era effort that was meant to prevent criminals from hiding money in the U.S. and sanctioned companies from accessing sensitive technology through investments in American firms (see 2509230035 and 2507240021).
VFC Solutions, a sanctioned Cypriot investment firm, filed a lawsuit against the Office of Foreign Assets Control for denying its petition to be delisted from the Specially Designated National and Blocked Persons List (SDN List), arguing that the agency acted "arbitrarily and capriciously" by denying the petition based on "speculation and conjecture."
Reps. Chris Smith, R-N.J., and Bill Huizenga, R-Mich., both members of the House Foreign Affairs Committee, introduced a resolution Nov. 4 urging the Trump administration to sanction individuals and entities responsible for “severe violations” of religious freedom in Nigeria. The resolution was referred to the Foreign Affairs and Judiciary committees.
Sen. Jim Banks, R-Ind., on Nov. 6 introduced as a stand-alone bill his proposal to require U.S. manufacturers of advanced AI chips to make their products available to American firms before selling them to U.S. arms embargoed countries. The measure was referred to the Senate Banking Committee. His proposal was included as an amendment to the Senate-passed FY 2026 National Defense Authorization Act, but it's unclear if it will make it into the final version amid opposition from the U.S. semiconductor industry (see 2509050056 and 2510240052).