New Restrictions on Chinese Military Companies: What Exporters Need to Know

China, Countries, Export Controls

In early June, President Biden signed Executive Order 14032, “Addressing the Threat from Securities Investments That Finance Certain Companies of the People’s Republic of China.” This Executive Order (E.O.) recasts the Trump Administration Executive Order 13959 and...

Complying With U.S. Export Controls to China – Three Strategies for Success

China, Shipping

It is well known that China is a top source of U.S. goods imports. What isn’t as widely publicized is that China is a top destination for U.S. exports. In fact, U.S. firms export $180 billion in goods and services to China each year, which represents an increase of...

District Court Throws Out OFAC Penalty, Citing Due Process, Unclear Regulations

Enforcement, OFAC, Sanctions, Ukraine, Violations & Fines

By Nicholas Turner, Meredith Rathbone, Brian Egan and Ed Krauland (Steptoe & Johnson LLP) On December 31, 2019, the U.S. District Court for the Northern District of Texas threw out a $2 million fine issued in 2017 by the Treasury Department’s Office of Foreign...

Trade Associations Worried Over Impact of Reduced De Minimis Thresholds for China

BIS, China, Commerce Dept, Denied & Restricted Parties, Export License, Licensing, USA Regulations

By: Danielle Hatch There has been chatter that the Department of Commerce will be reducing the US-made content (“de minimis”) amount required for US reexports to be licensed to China. The change is said to be an attempt to squeeze Huawei even more past the addition of...

OFAC Updates Iran-Related FAQs

Iran, OFAC, Sanctions

The Department of Treasury’s Office of Foreign Assets Control (OFAC) amended Iran General License (No. K-1) which caused OFAC to amend three Iran-related Frequently Asked Questions: FAQ 804 FAQ 806 FAQ 807 OFAC Notice:...

Two Men Charged with Money Laundering and Violating Iran Sanctions

Iran, Saudi Arabia, Violations & Fines

By: Danielle Hatch On December 16, 2019 Issam Shammount of Jordan and Abdullah Alhay of Saudi Arabia were charged with violating US export laws and sanctions related to Iran. The two men worked together to obtain US origin aircrafts and parts to provide to end-users...