There is an unprecedented rise of ransomware attacks against companies. As a result, many companies are finding themselves victims to cyber-attackers demanding payments to avoid shutting down their business. OFAC concerns must be addressed before any company decides to facilitate payment to cyber-attackers.
China is reviewing their current export control regulations and issuing updates, including a new law which would enable the Chinese government to take reciprocal measures against countries that undermine their export control measures and threaten their national security and interests.
On October 5, 2020, a final rule was put in place, implementing the multilateral controls agreed to at the Wassenaar Meeting in 2019. As a result, new technologies were deemed essential to U.S. national security and were added to the CCL.
The signing of the recent Abraham Accords Peace Agreement means that the UAE and Bahrain will no longer boycott Israel. Will other Middle Eastern countries soon follow?
The Department of Commerce added another round of entities to the Entity List that is maintained by Bureau of Industry and Security. The September 22, 2020 final rule, documented the addition of forty-seven (47) new entities spanning multiple countries.
Most companies want to do the right thing and are not intentionally violating the law, however, even companies with comprehensive import programs can make mistakes and violate the law. Once a violation has been discovered, it is important to report that violation to Customs.
Does your company have an import compliance manual to guide your trade compliance program? Check out why, what, and how your company's import compliance manual should be set up and rolled out to your company!
In a press release earlier this month, the Bureau of Industry and Security (BIS) announced a tightening of controls against Chinese tech firm Huawei Technologies. BIS also added an additional 38 Huawei affiliates to the Entity List.
All U.S. companies that export anything need to ensure that they are compliant with current regulations and policies. See how we help your business with a comprehensive 5-step export compliance assessment!
Wouldn’t it be nice if you could pick up the phone and ask your trusty consultant a seemingly simple question and get back a straightforward, specific, and sure answer? International trade is becoming even more complex and for companies, both large and small, the regulations can be difficult to navigate.