OFAC: They settled with Privilege Underwriters Reciprocal Exchange (PURE) for $466,200. This was to settle potential civil liability of Ukraine- / Russia-related sanctions. Read More

Ghacham Inc., doing business as “Platini”, was sentenced in District Court for scheming to avoid paying duties and doing business with a woman linked to the Sinaloa drug cartel. They were fined $4 million, ordered to pay ~ $6.4 million…

Chairman McCaul determined that BIS has enabled a virtually unrestricted flow of American technology to CCP-controlled companies, facilitating China’s rapid rise as a technological, economic, and military superpower. Read More

ADCO Industries (aka Dallco Marketing), an importer of industrial products, has agreed to pay $2.5 million to resolve alleged violations of the False Claims Act. They underrepresented the value of goods, along with their broker and the Chinese suppliers, to…

KingKong-Tools, a German company, was labeling its tools “made in Germany” when they were made in China and transshipped through Germany. The company will pay $1.9 million to settle those allegations. Read More

Countries that use the Euro must put that currency on all of the invoices, documents, and entry transmissions from those countries. Read More

In combination with OFAC, FinCEN, and IRS, Treasury is announcing the largest settlement in history. This is with Binance Holdings for violations of anti-money laundering and sanctions laws. Binance is a virtual currency exchange, responsible for ~ 60% of virtual…

A tactical gear and equipment company from Virginia is paying ~$2.1million to for False Claim Act allegations – they were selling textile-based products to the Department of Defense, and claimed that they complied with Buy American Act, the Trade Agreements…

The Defense Counterintelligence and Security Agency put out a report of sectors that are being targeted. This is on areas that foreign intelligence is targeting. When they refer to “cleared industry”, my military source tells me that means those that…

As of 10/27/2023 Commerce is pausing issuing licenses for firearms, components, and ammo for ~ 90 days. During this “pause” period, the Department will further assess current firearm export control review policies to determine whether any changes are warranted to…

Interim Final Rule (IFR) on the Implementation of Additional Export Controls: Certain Advanced Computing and Semiconductor Manufacturing Items; Supercomputer and Semiconductor End Use. Effective 11/17/2023, discussion of comments. Read More

A rule on hydrofluorocarbons (HFCs) was published 10/24. It’s effective 12/26. HFCs are a group of synthetic gases that are used mostly for cooling and refrigeration. As part of the American Innovation and Manufacturing Act, the EPA can limit the…