Strategies, Tools & Talent for What’s Next! In our final session of the series, we’ll focus on setting your organization – and your career – up for success in the year ahead. We’ll discuss how compliance drives business impact, how…
BIS: Issued an Update for Samsung and SK hynix
BIS: Issued an Update for Samsung and SK hynix
The Bureau of Industry and Security issued a rule updating the general authorizations for Samsung and SK hynix for semiconductor facilities in PRC. This is under the Validated End-User (VEU) program. This basically gives the South Korea companies permission to continue work in their CN facilities and still do business with the US.
Read More
Related Posts
CBP: Section 321 Enforcement Update in ACE to Block Ineligible De Minimis Shipments
CBP is enhancing Section 321 enforcement within ACE to ensure compliance with the $800 de minimis threshold. Starting June 26, the update will be deployed to the CERT environment. This enhancement will prevent the release of shipments claiming de minimis entry when the $800 per person per day limit has already been exceeded, helping to…
OFAC: GVA Capital Fined $216M for Russia Sanctions Violations
The Office of Foreign Assets Control issued a penalty notice for almost $216M on GVA Capital Ltd. They’re a venture capital firm in California. This is for violating the Russia sanctions and failing to comply with a subpoena. Read More
Justice: DOJ Declines to Prosecute PE Firm After Voluntary Disclosure of Export Violations
The United States Department of Justice declined to prosecute a private equity firm after they discovered criminal violations of export laws that one of their acquired companies had committed and disclosed them voluntarily. Read More
DOJ: Crypto Exec Indicted for Laundering Millions Through U.S. Banks
The United States Department of Justice unsealed an indictment against Iurii Gugnin, owner of cryptocurrency company Evita, for funneling > $500 million of payments through US banks / crypto exchanges while hiding the source and purpose of the transactions. Read More
