On November 1, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) imposed a $500,000 monetary penalty on GlobalFoundries U.S. 2 LLC and its parent, GlobalFoundries U.S. Inc., for a series of...more
11/6/2024
/ Bureau of Industry and Security (BIS) ,
Civil Monetary Penalty ,
Enforcement Actions ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Manufacturers ,
Popular ,
Semiconductors ,
Statutory Violations
In a significant enforcement action, the U.S. Department of State’s Directorate of Defense Trade Controls (“DDTC”) has charged Oregon-based Precision Castparts Corp. (“PCC”) with multiple violations of the Arms Export Control...more
10/24/2024
/ Aerospace ,
Arms Export Control Act ,
Civil Monetary Penalty ,
Data-Sharing ,
Defense Sector ,
Department of Defense (DOD) ,
Directorate of Defense Trade Controls (DDTC) ,
Enforcement Actions ,
Export Controls ,
Exports ,
ITAR ,
National Security ,
Statutory Violations ,
US Munitions List
On October 9, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued critical guidance aimed at enhancing financial institutions’ compliance with the Export Administration Regulations (“EAR”)....more
On September 30, 2024, Quantum Corporation—a U.S.-based technology company— reached a settlement with the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) to resolve 45 separate violations of the...more
10/9/2024
/ Antiboycott Requirements ,
Boycotts ,
Bureau of Industry and Security (BIS) ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
Popular ,
Regulatory Violations ,
Settlement ,
Strict Liability ,
United Arab Emirates (UAE)
On August 15, 2024, the U.S. Department of Commerce’s Office of Export Enforcement (“OEE”) announced the settlement of the latest administrative enforcement action involving TE Connectivity Corporation—a Pennsylvania-based...more
On July 25, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) published two (2) new rules in the Federal Register that significantly expand the scope of existing “U.S. Person” prohibitions...more
On June 14, 2024, U.S. Department of Commerce Assistant Secretary for Export Enforcement, Matthew Axelrod, officially issued an order activating the suspended portion of a civil penalty that was imposed on U.S-based freight...more
6/26/2024
/ Bureau of Industry and Security (BIS) ,
China ,
Civil Monetary Penalty ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
Regulatory Violations ,
Settlement Agreements ,
U.S. Commerce Department ,
United Arab Emirates (UAE)
On April 29, 2024, the U.S. Department of Commerce officially published a final rule in the Federal Register that formally incorporates a medical device license exception into the Export Administration Regulations (“EAR”) for...more
5/16/2024
/ Belarus ,
Commodities ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
Healthcare ,
Licensing Rules ,
Medical Devices ,
New Rules ,
Russia ,
U.S. Commerce Department ,
Ukraine
On March 28, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) released updated guidance to freight forwarders specifically outlining their responsibilities under the aegis of the Export...more
On April 19, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) published an interim final rule (“IFR”) that officially codifies certain changes to the Export Administration Regulations (“EAR”)...more
Remarks given by Commerce Secretary Gina Raimondo and Undersecretary Alan Estevez during the 2024 Policy Update Conference sponsored by the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) emphasized the...more
As global political tensions continued to escalate on multiple fronts, the 2023 calendar year saw a noticeable increase in the number of enforcement actions initiated by the U.S. government against entities and individuals...more
New guidance from the Biden Administration mandates that freight forwarders are responsible for complying with trade sanctions and export compliance. On December 11, 2023, the Biden Administration released a 10-page sanctions...more
12/19/2023
/ Biden Administration ,
Compliance ,
Export Controls ,
Exporters ,
Exports ,
Freight Forwarding ,
Goods or Services ,
Motor Carriers ,
New Guidance ,
Risk Mitigation ,
Shipping ,
Shipping Cargo ,
Supply Chain ,
Trucking Industry ,
US Trade Policies ,
Vessels ,
WMD
As we have repeatedly noted in the context of other blog posts and webinars in which various representatives of The Volkov Law Group have participated, the violation of existing U.S. sanctions and export control regulations...more
12/8/2023
/ Compliance ,
Criminal Conspiracy ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
Failure to Comply ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Policy ,
Foreign Trade Regulations ,
Russia ,
Sanction Violations ,
Semiconductors ,
Ukraine
On November 6, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) released a new joint notice concerning...more
11/27/2023
/ Bureau of Industry and Security (BIS) ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Export Control Reform (ECR) ,
Export Controls ,
Exports ,
FinCEN ,
Foreign Policy ,
Foreign Relations ,
Joint Statements ,
Popular ,
Russia ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury