Export Compliance Daily
WEBSep 12, 2024 · The Office of Foreign Assets Control unveiled an interim final rule this week that will extend the agency’s sanctions-related record-keeping requirements from five years to 10 years. The rule, effective in mid-March, will align the agency’s record-keeping rules with a similar expansion of the statute of limitations for civil and criminal violations of U.S. sanctions as part of a bill ...
US Issues New Export Control Code of Conduct, Export Guidance
WEBMar 31, 2023 · The U.S. and more than 20 of its allies this week released an export controls code of conduct, establishing a new forum for “subscribing states” to share information and stop technologies from being used for human rights violations.The Bureau of Industry and Security also issued new guidance describing how it factors human rights issues into its export application decisions and outlining ...
Recent Export Control Enforcement Actions 'Just the Beginning,' …
WEBMay 18, 2023 · The new strike force, launched by DOJ and the Commerce Department in April (see 2302160019), is “sending a strong demand signal” from “headquarters” to prosecutors that the administration is prioritizing export control and sanctions cases, Axelrod said.But he also said the government had been working on this week's indictments -- which charged six people for trying to illegally ship ...
US Shares Export Control Evasion Trends Identified by Banks ...
WEBSep 12, 2023 · The report comes after FinCEN and BIS in recent months issued two joint alerts, including one that was designed to put companies and entities “on notice” about the types of red flags they should be monitoring for potential Russian sanctions and export control evasion tactics (see 2210060043).The alert also created a new code for financial institutions to include in their Bank Secrecy Act ...
US Should 'Tread Lightly' Around New Export Controls, Lawmaker …
WEBJul 17, 2023 · Warner, speaking during an event last week hosted by the German Marshall Fund, was asked whether the U.S. needs to better regulate certain activities by cloud providers, which are reportedly being used as a loophole by Chinese companies to acquire advanced semiconductors. The Bureau of Industry and Security has said it’s looking at ways to stop China from specifically using rental agreements ...
US, Allies Launch Export Enforcement Coordination Effort, Hoping …
WEBJun 29, 2023 · The Bureau of Industry and Security announced the launch of a formal process to coordinate with certain allies on export enforcement efforts, an effort the agency’s Office of Export Enforcement has been working on for months. BIS said the “partnership” -- agreed to with the fellow Five Eyes partners Australia, Canada, New Zealand and the U.K. during a meeting in Canada this week -- will ...
US, EU Can Use TTC to Ease Export Compliance Challenges, ITI Says
WEBJan 19, 2022 · In comments to the Bureau of Industry and Security, ITI specifically pointed to BIS’s frenetic Entity List activity -- including more than 500 additions since 2017 -- and the EU’s new dual-use export regulations (see 2109090007 and 2112090043).). “Rapid and drastic changes” to different export control regulations can be …
Senate Confirms Export Enforcement Nominee
WEBDec 21, 2021 · Export Compliance Daily. Detailed and comprehensive, Export Compliance Daily delivers the perfect mix of strategic developments and operational changes that allows export compliance professionals to understand what has changed, how it will impact their operations, and which products/geographies will be affected.
EU Expects to Issue Cyber-Surveillance Export Guidelines Next Year
WEBDec 9, 2021 · Export Compliance Daily. Detailed and comprehensive, Export Compliance Daily delivers the perfect mix of strategic developments and operational changes that allows export compliance professionals to understand what has changed, how it will impact their operations, and which products/geographies will be affected.
More EU Export Control Guidance Needed for Universities, Official …
WEBDec 10, 2021 · Export Compliance Daily. Detailed and comprehensive, Export Compliance Daily delivers the perfect mix of strategic developments and operational changes that allows export compliance professionals to understand what has changed, how it will impact their operations, and which products/geographies will be affected.