August was another robust month in international trade that further signifies the need for corporations to invest in effective compliance programs. For starters, the DOJ unveiled a new program that incentivizes corporate...more
9/10/2024
/ Antiboycott Requirements ,
Arms Export Control Act ,
Bribery ,
Bureau of Industry and Security (BIS) ,
CFIUS ,
China ,
Compliance ,
Corporate Crimes ,
Corruption ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Exports ,
Forced Labor ,
Healthcare Fraud ,
Incentives ,
International Trade ,
Investment ,
ITAR ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Popular ,
Russia ,
Supply Chain ,
Uyghur Forced Labor Prevention Act (UFLPA) ,
Voluntary Disclosure ,
Whistleblowers
July was a big month for compliance with a handful of reports and recommendations on due diligence and best practices concerning forced labor, export controls, sanctions from DHS, BIS, and OFAC.
The below updates also...more
8/1/2024
/ Bureau of Industry and Security (BIS) ,
CFIUS ,
Compliance ,
Department of Homeland Security (DHS) ,
Economic Sanctions ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Final Rules ,
Forced Labor ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
SDN List
Sanctions and export controls were the top items of interest in June. On the compliance side, OFAC and the BIS announced new sanctions and export controls on Russia and Belarus. The new measures target individuals and...more
7/2/2024
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Bureau of Industry and Security (BIS) ,
Civil Monetary Penalty ,
Compliance ,
Department of Homeland Security (DHS) ,
Economic Sanctions ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Control Reform Act (ECRA) ,
Export Controls ,
Notice of Proposed Rulemaking (NOPR) ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
SDN List