The U.S. Department of Commerce’s Bureau of Industry & Security (BIS) yesterday granted an extension of the existing Temporary General License (TGL) for China’s Huawei Technologies Co. and 115 other affiliates around the world from those parties’ current placement on…
U.S. Sanctions Regulations Blog
Tracking Developments in U.S. and other International Sanctions Regulations
Blog Archives
The Other American Designation – the BIS Entity List
Entity List – what it is and is removal possible?
Tagged with: BIS, Compliance, Entity List Removal, Export Controls
Posted in Compliance, Entity List, Export Controls
Posted in Compliance, Entity List, Export Controls
Treasury Adds Scores of Iranian Companies to SDN List
The US Department of the Treasury announced it was adding scores of Iranian entities to its list of Specially Designated Nationals and Blocked Persons (the SDN list) due to their connections with the Islamic Revolutionary Guards Corps (IRGC)-affiliated Basij force,…
Posted in Uncategorized
How does Sanctions Snap Back Impact Iranian-Americans?
We’ve been getting a lot of questions at the office as to what President Trump’s May 8, 2018 announcement to cease U.S. participation in the Joint Comprehensive Plan of Action (JCPOA, also known as the “Iran Deal”), an agreement between…
Posted in Uncategorized
Telecommunications and the Iran Protests – a Sanctions Response from the Trump Administration?
Many have been caught by surprise by widespread anti-government protests in Iran that started in Mashhad last week ostensibly over food prices and have now engulfed the whole country, going on to their 9th straight day. The Trump administration has…
No, the Iran Deal is not over…
The long awaited policy statement by President Trump on Iran along with the “decertification” of the Iran nuclear deal or the Joint Comprehensive Plan of Action (JCPOA) finally happened yesterday. What does it all mean? This blog is really focused…
Posted in Uncategorized
ExxonMobil’s Sanctions Penalty and the Lesson on Specially Designated Nationals
OFAC slapped a $2 million penalty on ExxonMobil on Thursday for alleged violations of U.S. sanctions on Russia. Specifically the allegations were that during a narrow, 9-day window in May 2014, the U.S.-based oil giant entered into several contracts with Russian energy…
Posted in Uncategorized
A Major Victory in Massive OFAC Sanctions Penalty Case
I’m proud of my firm and my team’s big win that came out yesterday in a major, widely-watched sanctions case at the U.S. Court of Appeals for the District of Columbia Circuit. Read our last alert to see why win…
Posted in Uncategorized
Aligning Expectations: Are we moving towards an Anti-Corruption Compliance Standard?
Like other areas, developing compliance with anti-corruption regulations is a tall endeavor whose requirements can vary based on a number of factors, including jurisdiction, size, and sophistication of the company. The emerging International Standards Organization (ISO) 37001:2016 standard for Anti-Bribery…
Posted in Uncategorized
Personal Remittances – More regulated than you may think
Chalk this one up as one more sign of how granular U.S. sanctions on Iran still are and why you should still be careful. We recently helped a client obtain an OFAC license to close out a bank account in…
Posted in Uncategorized
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