A Venezuelan man was sentenced to 30 months in prison and 3 years of supervised release for participating in a scheme to evade US sanctions on a sanctioned oil company. Read More

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 following the March 2024 advanced notice of proposed rulemaking. The rule here identifies classes of…

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, cooperated with the investigation, and took remedial issues after discovery. Read More