Export Compliance Daily
Dec 12, 2024 · Paul Rosen, who has served as the Treasury Department’s lead official for the Committee on Foreign Investment in the U.S. since being confirmed by the Senate in 2022 (see 2205250017), left the agency earlier this month, he announced on LinkedIn.. Rosen, who was Treasury’s assistant secretary for investment security, took several steps meant to boost the committee’s enforcement powers ...
2024 Bulletins - exportcompliancedaily.com
The Bureau of Industry and Security on Oct. 23 will add 26 companies and people to the Entity List for trying to buy controlled U.S. items for China’s military, evade sanctions against Russia, supply sensitive goods to Iran or Pakistan, or for evading U.S. end-use checks, the agency said in a final rule released Oct. 21. BIS will also remove two entities from the list …
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Export Compliance Daily
Oct 16, 2024 · U.S. aerospace firm RTX tapped senior counsel Lara Covington to head the company’s compliance with the deferred prosecution agreements announced last week with DOJ and the SEC, Covington announced on LinkedIn. Covington’s official title will be the executive director of the RTX DPA Compliance Program Office, where she will help “ensure the company successfully meets its obligations” to ...
Chip Governance Hardware Could Allow for ‘Flexible’ BIS Licensing ...
2 days ago · These “hardware-enabled mechanisms,” or HEMs, “could help detect and deter AI chip smuggling into China” and allow for “more surgical applications of export restrictions, reducing the risk of a de-Americanization of chip supply chains,” CNAS said.
Papers for Export Compliance Daily
Export regulators set enforcement records in 2022 on the backs of significant sanction activity against Russia, technology restrictions against China, and a number of other new controls. To help export compliance professionals, trade lawyers and others stay up to date with current enforcement trends ...
Welcome to Export Compliance Daily, a New Source of Regulatory ...
Mar 5, 2019 · Welcome to the inaugural issue of International Trade Today ’s Export Compliance Daily.The International Trade Today editorial staff is pleased to deliver this complimentary launch preview to our community of trade readers for a limited time. This service was developed in response to strong market feedback indicating a dearth of reliable single-source export compliance information.
Chip Industry Supplier Fined After BIS Says It Failed to Address …
6 days ago · The violations, which Indium admitted to, took place between April 2022 and March 2022, all involved items controlled by the Export Administration Regulations as EAR99 -- which are generally low-level technology items that don’t require a specific license. But the items shipped by Indium did ...
BIS Seems to Be Ramping Up Enforcement, Former US Officials Say
Oct 16, 2024 · One sign of that enforcement push is the $5.8 million fine the agency imposed in August on Pennsylvania electronics firm TE Connectivity Corporation and its Hong Kong affiliate for illegal exports to China (see 2408150050), said Melissa Mannino, a BakerHostetler partner and a former Commerce Department official. “I believe we will see more cases like that,” Mannino said during a webinar ...
Financial Firms Responsible for ‘Ongoing’ Export Due Diligence, …
Oct 10, 2024 · The six-page guidance, released by BIS Oct. 9, offers a set of best practices that companies operating in the financial industry should follow to “minimize their risk” of violating U.S. export control regulations, including how they should screen customers, verify customer compliance with export laws, and create other “risk-based procedures” to catch and investigate red flags before ...