Treasury announced a settlement with American Life Insurance Company for 2,331 apparent violations of Iranian sanctions. There were insurance policies provided to UAE entities that were owned or controlled by the Iranian government. American Life self-disclosed the violations. Read More

Justice is proposing a rule that implements an Executive Order from February, with the goal of controlling access to bulk personal data and US government-related data. Comments are due by 11/29/2024. The 112-page document also address comments that were made…

BIS has imposed a civil penalty of $500,000 on GlobalFoundries US. GlobalFoundries is a semiconductor manufacturer in New York, and they shipped ~$17.1 million in semiconductor wafers to a company on the BIS Entity List without licenses. They voluntarily disclosed,…

The Department of Defense put out a proposed rule that is available for comment until 12/23/2024 amending the list of domestically nonavailable articles under Buy American. Federal contractors are often subject to Buy American rules that require a certain percentage…

The Office of Foreign Assets Control settled with Vietnam Beverage Company for $860,000 to resolve 43 apparent violations of the North Korea Sanctions Regulations. They caused US financial institutions to process over $1m in payments for alcoholic beverages sold to…

Justice convicted Brian Assi of violations of IEEPA and the Iran Sanctions for attempting unlawful exports without a license, attempting to smuggle goods, submitting false/misleading export information, and conspiracy to commit money laundering. This is because Assi was attempting to…

Two Russian nationals have been indicted for export control violations, smuggling, wire fraud, and money laundering. They fraudulently procured microelectronics from US distributors using shell companies to hide that the controlled items were destined for Russia. Read More

The withhold release order against disposable gloves made by Brightway Holdings and Biopro is being modified. As of 10/11/24 CBP is no longer detaining disposable gloves and will allow them to enter. Read More

The ILA began picket lines early this morning after the contract expired at midnight. The strike impacts 36 ports, all East and Gulf Coast. Currently the US Maritime Association (USMX for some reason) is in negotiations with the International Longshoremen’s…

Bureau of Industry and Security has imposed a civil penalty of ~$150,000 on Quantum Corporation for alleged violations of antiboycott provisions of the EAR. Quantum is a data storage, management, and protection company that received requests from a UAE distributor…

The Federal Trade Commission announced 9/18 that the CEO of GameStop will be paying nearly $1m to settle charges that his acquisition of Wells Fargo shares violated the Hart-Scott-Rodino (HSR) Act. The CEO’s acquisition was above the threshold of HSR…