The Bureau of Industry and Security is encouraging industry and foreign countries to do more to ensure American high-tech products don't end up in Russian weapon systems, a Commerce Department official said April 10.
Marc Selinger
Marc Selinger, Assistant Editor, is the congressional reporter for Export Compliance Daily, which he joined in December 2023. He previously wrote for a variety of defense publications, highlights of which included covering the Paris and Farnborough (UK) air shows and touring the Israeli defense industry. His first full-time journalism job involved reporting on local government, schools and police news for a community newspaper in Michigan. He is on X at @marcselinger and on LinkedIn at https://www.linkedin.com/in/marc-selinger-315089173/.
The Treasury Department has asked lawmakers to approve a series of proposals to help it counter terrorist groups and other bad actors that increasingly use cryptocurrency to evade financial sanctions, Deputy Treasury Secretary Wally Adeyemo said April 9.
Sanctions compliance professionals should familiarize themselves with several advisories authorities recently issued to help spot “dark fleet” vessels that seek to evade the price cap on Russian oil sales or oil sanctions on Iran and Venezuela, experts said April 4 during a webinar hosted by the Association of Certified Sanctions Specialists.
Sen. Sherrod Brown, D-Ohio, who has opposed the proposed acquisition of U.S. Steel Corp. by Japan-based Nippon Steel Corp. since it was announced in December (see 2312200056), said April 2 that a new report about Nippon Steel’s ties to China provides another reason for the Biden administration to reject the deal.
Leaders of the House Select Committee on China announced April 1 that they have asked the Pentagon to consider adding seven “problematic” biotechnology entities to its 1260H List of Chinese military companies.
U.S. companies interested in divesting Russian assets that are subject to the Export Administration Regulations may need to obtain multiple licenses from the U.S. government, a Commerce Department official said March 28.
The Bureau of Industry and Security is gearing up to issue a set of corrections and clarifications to rules it released in October for advanced computing chips and chipmaking tools (see 2310170055), a Commerce Department official said March 28.
Exporters should closely examine the internet presence and physical addresses of their potential customers to help them determine whether they are dealing with legitimate businesses, Commerce Department officials said March 27.
Four Republican House members led by Rep. Nathaniel Moran of Texas have asked the Commerce and State departments to describe the measures they are considering to counteract what appears to be increasing collaboration between China and Iran on military drone development and distribution.
Sen. Ted Cruz, R-Texas, said March 21 he’s “deeply concerned” the Biden administration has “politicized” anti-corruption sanctions by using them against foreign officials it perceives as “conservative,” such as former Guatemalan President Alejandro Giammattei, and not using them against “leftist" ones.