We frequently talk about BIS and DDTC when it comes to export compliance, but less often, do we discuss the importance of OFAC compliance.
This past weekend, U.S. Customs and Border Protection announced that in light of COVID-19, they would amend the regulations to temporarily postpone the deadline for payment of duties, taxes, and fees for 90 days for those importers facing significant financial hardship.
This past week, the Trump administration announced a ban on exports of certain types of Personal Protective Equipment (PPE) in response to the COVID-19 crisis. Keep reading for more information and a look at the unique aspects of this new control.
On December 26, 2019, DDTC issued an Interim Final Ruling which outlined changes to the ITAR and significantly, to ITAR Encryption Rules. Now that the Final Rule is in place and the changes are implemented, it is time to be more specific.
With the COVID-19 pandemic, some companies will become prime targets for acquisitions, mergers and investments. Others may recognize that their survival is in being acquired or merged with existing companies, or in receiving investments to continue. Perhaps it is time to revisit what this means for companies.
We were honored to be interviewed for a recent story by The Wall Street Journal about the growing complexity of U.S. sanctions and trade compliance regulations.
The Department of Justice released a superseding indictment in its federal case against Huawei Technologies Co., Ltd. The superseding indictment consolidated and expanded upon earlier charges of bank and wire fraud, sanctions violations, trade secret theft, and obstruction issues against Huawei and its subsidiaries.
Are you conducting business with the Department of Defense? If your answer is “yes,” you’ll soon need to comply with the new standards based on the Cybersecurity Maturity Model Certification (CMMC). Don't panic, there’s plenty of time to get certified, but you really need to get rolling now.
On February 24th, BIS issued a Federal Register Notice revising the Country Group designations for Russia and Yemen based on national security, foreign policy, and proliferation-related concerns. BIS stated that this action was “intended to facilitate and support accountability in connection with exports and reexports of items” to Russia and Yemen.
On January 29,2020, Airbus SE of the Netherlands became another cog in the wheel of export enforcement. Airbus agreed to a settlement with DDTC of $10 million covering 75 violations of the Arms Export Control Act (AECA) and Part 130 of the ITAR for the time period 2011 through 2019.