The Bureau of Industry and Security has reviewed more than 1,250 suspicious activity reports (SARs) submitted to the government as part of an effort with the Treasury Department to collect more tips from industry about possible Russia-related sanctions or export control violations, said Matthew Axelrod, the top BIS export enforcement official.
The U.K. fined property management company Integral Concierge Services Limited 15,000 British pounds, or about $20,000, for helping a client designated under the U.K.’s Russia sanctions regime manage a residential property. The company was accused of being “unaware” of its sanctions compliance obligations and making “no attempt to educate itself on its legal obligations” after its client was sanctioned.
LONDON -- Members of the German defense industry want the country to expand a trilateral agreement on export controls among Germany, France and Spain, which could help remove defense trade barriers with a range of other nations, both inside and outside the EU.
The Bureau of Industry and Security rejected an appeal from Alexey Sumchenko for a temporary denial order issued against him in June after an administrative law judge said BIS “successfully demonstrated” that the denial order was needed to prevent an “imminent” violation of U.S. export controls.
The Bureau of Industry and Security on Sept. 24 suspended the export privileges of 11 people after they were convicted of export-related offenses, including illegal shipments involving oil to China, industrial equipment to Russia and the smuggling of guns and ammunition. The suspensions took effect from the date of their convictions.
The Office of Foreign Assets Control sanctioned Russian national Sergey Ivanov and virtual currency exchange Cryptex, which is operated by Ivanov. The move was announced concurrently with enforcement action from various U.S. and international enforcement agencies, including an indictment unsealed against Ivanov and fellow Russian national Timur Shakhmametov.
Sen. Marco Rubio, R-Fla., introduced a bill this week that could lead to sanctions being imposed on Chinese entities and officials involved in producing precursor chemicals for fentanyl.
While Congress began a long recess this week without passing Venezuela legislation, the chairman of the Senate Foreign Relations Subcommittee on the Western Hemisphere said lawmakers might address the matter when they reconvene in mid-November.
The House voted 243-174 late Sept. 25 to approve a bill that would impose property-blocking sanctions on Chinese Communist Party leaders for committing human rights abuses, harassing Taiwan or undermining Hong Kong's autonomy.
Both chambers of Congress on Sept. 25 approved extending until Dec. 20 the soon-to-expire Hong Kong Human Rights and Democracy Act. The 2019 law requires the president to sanction Chinese and Hong Kong officials responsible for human rights violations in Hong Kong (see 2409230017). The extension is included in a short-term government funding measure, or continuing resolution, that the House and Senate passed and that President Joe Biden plans to sign into law.