BIS recently moved to tighten exports, reexports, and in-country transfer to China, Russia, and Venezuela. BIS is implementing the '744 Rule' which will expand the licensing requirements when an exporter has knowledge or has reason to know the items will be for Chinese, Russian, and/or Venezuelan military end users or end uses.
BIS announced on April 28, 2020, that they will be amending the EAR to remove License Exception CIV from Export Control Classification Numbers and will now require an export license for national security-controlled items on the CCL to countries of national security concern.
The Directorate of Defense Trade Controls (“DDTC”) announced on April 23, 2020 measures to lessen the burden that the COVID-19 pandemic is having on U.S. companies and the overseas supply chains in order to help the exporting/importing community.
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.