International Trade Enforcement Roundup – May 2023 Update
May saw several Russia-related enforcement and other actions. The Department of Justice (DOJ) identified and charged three foreign nationals with violating export control laws as they attempted to...
View ArticleTrade Matters - Lowenstein Sandler's Global Trade & National Security...
On June 16, the U.S. Department of Commerce published a final rule, to be effective July 17, implementing the Protecting Americans’ Sensitive Data From Foreign Adversaries and amending the Securing the...
View ArticleTri-Seal Compliance Note Issued on Export Controls, Sanctions Violations...
The U.S. Department of Justice (DOJ), Department of Commerce's Bureau of Industry and Security (BIS) and Department of the Treasury's Office of Foreign Assets Control (OFAC) on July 26, 2023, issued a...
View ArticleDOJ Establishes New "Disruptive Technology Strike Force" to Address Sharing...
In February 2023, the Department of Justice (DOJ) announced the creation of the Disruptive Technology Strike Force (strike force) in conjunction with the Department of Commerce to protect against the...
View ArticleInternational Trade Enforcement Roundup – July 2023 Update
July saw two noteworthy Russia enforcement actions. A Russian national was arrested in Estonia and extradited to the United States after being charged with conspiring to procure U.S.-origin...
View ArticleOFAC Settles with Construction Specialties, Inc. for $660,594 for Violations...
Construction Specialties, Inc. (“CSI”), a U.S. company specializing in the sale of building materials, agreed to pay $660,594 to settle its liability for three violations of OFAC’s sanctions on Iran....
View ArticleDOJ Resolves First Corporate Sanctions Case Involving Iran Sanctions Program
The Justice Department has touted the upcoming wave of corporate prosecutions for criminal sanctions violation as the era of “The New FCPA.” DOJ’s reference is intended to communicate a strong message...
View ArticleProposed Rules Interpret Florida Law Limiting Foreign Persons from Acquiring...
The Florida Department of Commerce (Department) on Sept. 20, 2023, published proposed rules interpreting Florida's law limiting "foreign principals" from "foreign countries of concern" – China, Russia,...
View ArticleHumanitarian Channel in Qatar to Administer $6 Billion in Funds Transferred...
In connection with the recently negotiated deal releasing five U.S. citizens wrongfully imprisoned by the government of Iran, on September 18, the U.S. government announced the establishment of a...
View Article3M Pays OFAC $9.6 Million to Resolve Egregious Iran Sanctions Violations
The past few weeks have not been kind to 3M. The company recently settled with the SEC for $6.5 million to resolve alleged FCPA violations related to its Chinese subsidiary’s dealings with Chinese...
View ArticleOFAC Imposes Modest $31,867 Penalty on Emigrant Bank for Iran Sanctions...
Emigrant Bank (“Emigrant”), a U.S.-based financial institution that bills itself as the oldest bank in New York City, is the latest sanctions violator to be swept up in OFAC’s ongoing enforcement push....
View ArticleInternational Trade Enforcement Roundup – September 2023 Update
September saw a number of enforcement actions involving Iran. First, the Office of Foreign Assets Control (OFAC) announced separate settlements with 3M and Emigrant Bank for violations of the Iranian...
View ArticleCozen Currents: Democracy in Disarray?
The Cozen Lens- What role the United States should play in today’s unstable world is a legitimate debate to have, but to be able to provide any form of leadership abroad, the US needs to be able to...
View Article2nd Circuit: Court upholds dismissal of whistleblower suit alleging Iran...
On October 27, the U.S. Court of Appeals for the Second Circuit denied a petition for a panel rehearing en banc in a False Claims Act (FCA) suit that was dismissed in 2020. The whistleblower suit,...
View ArticleInternational Trade Enforcement Roundup – October 2023 Update
October saw two major enforcement actions involving Russia. First, three individuals were indicted for facilitating the export of controlled U.S.-origin electronics to Russia. Second, the president of...
View ArticleHot Topics in International Trade - November 2023 - U.S. Trade, Nearshoring &...
First, please permit me a little bit of digression as always. As many journalists would state, and have, the world is currently on fire regarding regional conflicts that could spiral into WW3 as...
View ArticleIranian-Linked Hackers Attack Water Facility in Pennsylvania
It is being reported that U.S. officials are investigating an attack by hackers “linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), also known as the “Cyber Av3ngers,” that allowed them to gain...
View ArticleJoint Cybersecurity Advisory (“CSA”) Issued Regarding IRGC-Affiliated Cyber...
On December 1, 2023, the Federal Bureau of Investigation (“FBI”), Cybersecurity and Infrastructure Security Agency (“CISA”), National Security Agency (“NSA”), Environmental Protection Agency (“EPA”),...
View ArticleEpsilon Electronics Loses Lawsuit over Violation of Economic Sanctions
The Department of the Treasury and OFAC initiated administrative proceedings against Epsilon Electronics, alleging that the company had violated ITAR Compliance by exporting goods to Iran. The case was...
View ArticleAnkura CTIX FLASH Update - December 2023
Malicious Android Apps Used to Target Iranian Banks - An ongoing Android malware campaign targeting users of Iranian financial institutions has expanded to include new abilities to target an even...
View Article7 Enforcement Predictions For US Export Controls, Sanctions
Within the trade bar there is cautiousness, curiosity and skepticism at the numerous pronouncements signaling greater enforcement of export controls and sanctions by the Bureau of Industry and...
View ArticleNasdaq Settles Iran Sanctions Violations for Pennies on the Dollar, Thanks to...
When it comes to OFAC sanctions violations, honesty is the best policy. Promptly and voluntarily disclosing violations upon their discovery can pay serious dividends....By: The Volkov Law Group
View ArticleAnkura Cyber Threat Investigations FLASH Wrap-Up [Report]: November 2023
Reported in the November 3rd, 2023, FLASH Update - In what appears to be a continuation of the North Korean strategy to finance the nation using international organized crime rings, cybersecurity...
View ArticleIllegal Export Scheme: US Seizes Funds in Civil Forfeiture Action
In a recent legal breakthrough that highlights the importance of ITAR compliance and arms regulation, the United States has achieved a significant milestone. Through a rigorous investigation into an...
View ArticleRulemaking Begins to Interpret Florida Law Limiting Persons from Foreign...
Florida enacted Senate Bill (SB) 264 (Chapter 2023-33, Laws of Florida) in May 2023 to limit select persons from "foreign countries of concern" from owning, having a controlling interest in or...
View ArticleDOE, Treasury and IRS issue guidance regarding foreign entity of concern for...
On December 4, 2023, the Department of Energy (DOE), Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) published related proposed guidance on the eligibility of an electric...
View ArticleMaritime Outlook: 5 U.S. Maritime Issues to Watch in 2024
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. – William Arthur Ward The U.S. maritime industry is much like a great ship: It is subject to...
View ArticleAnkura Cyber Threat Investigations FLASH Wrap-Up [Report]: December 2023
The Ankura Cyber Threat Investigations and Expert Services (CTIX) FLASH Wrap-Up is a collection of high-level cyber intelligence summaries pertaining to current or emerging cyber events in December...
View ArticleFreight Forwarders and Common Carriers: As You Look Ahead to 2024, Do You...
As federal regulators have recently made clear, steamship lines, non-vessel-operating common carriers, indirect air carriers, freight forwarders, and others involved in the global movement of cargo...
View ArticleBIS Expands Export Control Restrictions on Russia, Belarus, and Iran
On January 23, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) released a new rule to expand and strengthen its existing export control restrictions under the Export...
View ArticleUK Weekly Sanctions Update - Week Of January 29, 2024
In this weekly update, we summarise the most notable updates in the UK sanctions world....By: Mayer Brown
View Article2023 in Review: An Eventful Year in Sanctions and Enforcement
The sanctions world experienced another action-packed year in 2023. Sanctions against Russia dominated the year in terms of the number of designations and new restrictions, and the attacks perpetrated...
View ArticleUK Weekly Sanctions Update - Week of February 5, 2024
In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact...
View ArticleEstlund Law Obtains A Dismissal Of All Charges For Client Charged With...
Miami, Florida, U.S.A.- Estlund Law client Dr. Faezeh Faghihi has spent her life in the service of others as a physician in her native Iran and in the United States, her adopted home country. Trained...
View ArticleSanctions and export controls expand further
In 2023, the biggest question on clients’ minds was the ramping up of U.S. export controls targeting semiconductors and advanced computing. In October, the U.S. Commerce Department unveiled new rules...
View ArticleBiden Administration Announces New Measures to Safeguard Americans’ Sensitive...
On February 28, 2024, the Biden administration announced new cybersecurity-related measures, including an executive order (EO) and advance notice of proposed rulemaking (ANPRM), intended to address the...
View ArticleU.S. Piles on Array of New Sanctions Against Russian Military-Industrial and...
On February 23, building mainly upon the broad authority of Executive Order 14024 (“EO 14024”)[1] issued by President Joe Biden in 2021, the U.S. Department of the Treasury’s Office of Foreign Assets...
View ArticleUK Weekly Sanctions Update - Week Of February 26, 2024
In this weekly update, we summarise the most notable updates in the UK sanctions world....By: Mayer Brown
View ArticleThe BIOSECURE Act and Its Potential Implications
Proposed federal legislation known as the BIOSECURE Act is being considered in both the U.S. House of Representatives and the U.S. Senate....By: Goodwin
View ArticleTrade Matters - Lowenstein Sandler's Global Trade & National Security...
On February 24, the two-year anniversary of Russia’s invasion of Ukraine, the Biden administration issued hundreds of new Russia-related export controls and sanctions. The Office of Foreign Assets...
View ArticleEU Sanctions Year in Review 2023
In 2023, the European Union continued to use economic sanctions as one of its foreign policy tools, and not only in response to Russia’s war in Ukraine. New sanctions and adjustments to existing...
View ArticleUS Government Moves to Regulate Cross-Border Transactions Involving Sensitive...
In a sweeping, coordinated effort across federal agencies, the US government has taken a giant leap forward to prevent access to data that could be exploited to the detriment of national security. On...
View ArticleInternational Trade Enforcement Roundup – February 2024 Update
February saw a continuing focus on Russia. First, the Treasury Department’s Office of Foreign Assets Control (OFAC), in conjunction with the State Department, sanctioned over 500 individuals and...
View Article[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial...
Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming...
View ArticleThe Weekly Hill Update - April 2024
Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....By: BakerHostetler
View ArticleCan Iran Survive War with Israel?
Since Israel killed Iran Revolutionary Guard Commander General Mohammed Reza Zahedi and six others in Damascus, Syria on April 2, Iran has sworn that it will retaliate harshly against Israel. Israeli...
View ArticleLook Ahead to the Week of April 15: Will Aid for Israel Pass?
Look Ahead to the Week of April 15: Will Aid for Israel Pass? Both the Senate and House are in session this week. Over the weekend, Iran launched a coordinated attack on Israel in response to an...
View ArticleSCG Plastics Pays OFAC $20 Million to Resolve Violations of Iran Sanctions...
OFAC is capable of extending a long-arm of enforcement, reaching sometimes non-U.S. companies that may “cause” another company to violate U.S. Sanctions laws. If you need to find an example of this...
View ArticleHacking and Healing: Nation-States, Cyber Attacks, and Healthcare Law
Modern warfare is no longer restricted to physical battlefields and professional military. Countries like North Korea and Russia have few qualms about using cyberspace to reach well beyond their...
View ArticleData Restrictions in the 21st Century Peace through Strength Act
On April 20, 2024, the House of Representatives passed H.R.8038, the 21st Century Peace through Strength Act ("supplemental"), which includes a version of H.R.7520, the Protecting Americans' Data from...
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