OFAC Continues Focus on Virtual Currency Industry with Announced Settlement...
On November 28, 2022, the Office of Foreign Assets Control (OFAC) announced a $362,158.70 settlement agreement with Payward, Inc. (Kraken), an online virtual currency exchange, in connection with 826...
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China Semiconductor Regulations, Episode II – The Curious Case of the...
Key Takeaways U.S.-person personnel at Chinese chip manufacturers are in a precarious position.New rules limit what activities those persons may undertake with respect to their work.However, there are...
View ArticlePotential Sanctions for Alleged Intellectual Property Theft on the Horizon?
Background On January 5, 2023, President Biden signed into law S. 1294, the “Protecting American Intellectual Property Act of 2022”. The Act requires the president to report to Congress and impose...
View ArticleFriday Development: New Sanctions and Export Controls to Address Russia’s...
In response to Russia’s ongoing aggression in Ukraine, both the United States and the European Union have imposed additional sanctions and further restricted exports to Russia and Iran. These new...
View ArticleOFAC Finds Digital Assets Trading Platform in Violation of Sanctions
On March 31, 2023, the Office of Foreign Assets Control (OFAC) announced a $72,230.32 settlement agreement with Uphold HQ Inc. (Uphold), a global multi-asset digital trading platform, in connection...
View ArticleWatching the Detectives: Export Control Enforcement Trends Upward
Between Russia’s invasion of Ukraine and growing U.S. tensions with China, U.S. export controls are in the spotlight like never before. As if regulators have not already made it clear enough, recent...
View ArticleBiden Veto Maintains Solar Tariff Moratorium
On May 16, 2023, President Joseph Biden vetoed the Congressional Review Act (CRA) resolution that would have nullified the temporary moratorium on the collection of antidumping and countervailing...
View ArticleEverything but the Kitchen Sink (and Maybe That Too!): New Export Controls on...
The United States and its allies are aiming to choke off the supplies that support the last vestiges of Russian industry. On May 19, 2023, the Bureau of Industry and Security (BIS) released new...
View ArticleReverse CFIUS Unveiled: Focus on China, Semiconductors, Artificial...
On August 9, 2023, President Biden issued an Executive Order (E.O.) ordering the issuance of outbound investment restrictions. This E.O. comes after nearly a year of anticipation (as we have documented...
View ArticleChina Semiconductor Export Regulations, Episode III – What a Difference a...
Key Takeaways Advanced Computing and Supercomputing ECCNs are expanded. Controls applied to exports to countries other thanChina; countries from where items may be reexported to China. Chipmaking...
View ArticleGuidance to Foreign Companies on Export Controls and Sanctions: Departments...
On Wednesday, March 6, 2024, the Department of Commerce, Department of the Treasury and Department of Justice issued another Tri-seal Compliance Note, focusing this time on the obligations of foreign...
View ArticleDepartment of Commerce Initiates Investigation into Chinese-Made “Connected...
On February 29, 2024, the Biden administration issued a statement addressing the national security risks to the U.S. auto industry directing the Department of Commerce to conduct an investigation into...
View ArticleChina Semiconductor Export Regulations, Episode V – Updates and Corrections...
On March 29, 2024, BIS issued an interim final rule (IFR) updating and correcting its advanced computing and semiconductor regulations[1] published in October 2023 (which we discuss here in Episode...
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