The Bureau of Industry and Security should add several Chinese firms to its Entity List for helping China’s military and human rights violations, House Select Committee on China Chairman John Moolenaar, R-Mich., said May 13.
Flywire, a U.S.-headquartered global payments company, may have violated U.S. sanctions against Cuba, Iran or Syria, it told the Office of Foreign Assets Control.
The Office of Foreign Assets Control this week designated Russian national Dmitrii Aleksandrovich Beloglazovand and three of his companies for their involvement in a scheme to help Russian oligarch Oleg Deripaska evade U.S. sanctions. OFAC said the scheme was meant to unfreeze more than $1.5 billion worth of shares belonging to Deripaska.
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Australian export compliance officers are wary about a new proposed International Traffic in Arms Regulation exemption for defense trade with the U.S., which is causing some compliance confusion and could lead to a host of “operational challenges” for companies subject to trade regulations, said Eva Galfi, a consultant for International Trade Advisors in Australia. She said the new exemption, along with a similar rule by the Commerce Department to reduce certain license requirements for exports to Australia and the U.K., may also increase the risk of large fines for violations.
Sanctions and export control attorney Keil Ritterpusch has joined Buchanan Ingeroll as a shareholder in the international trade and national security practice group, the firm announced May 13. Ritterpusch has worked across the defense, aerospace and software sectors and has helped clients put in place compliance programs involving the International Traffic in Arms Regulations, Export Administration Regulations, Foreign Trade Regulations, Office of Foreign Assets Control regulations and Foreign Corrupt Practices Act requirements.
The U.K. High Court of Justice on May 10 made permanent a court order blocking sanctioned Russian entity VEB from taking a dispute with Barclays Bank to an arbitration court in Russia. The court rejected VEB's claim that British sanctions "frustrated" an arbitration agreement between the parties.
Leaders of the House Foreign Affairs Committee said May 13 they might pursue financial sanctions and other measures against Georgia if the country’s government doesn't withdraw a “foreign agents” bill that would crack down on civil society organizations and independent media outlets.
Four House Republicans said last week they’re concerned the Biden administration is considering giving small and medium-sized businesses in Cuba access to the U.S. banking system even though such entities are generally controlled by Cuba's communist government.
The Bureau of Industry and Security sent a proposed rule for interagency review that could lead to new export controls on the activities of U.S. persons in support of foreign military, security or intelligence agencies.