The Office of the U.S. Trade Representative is planning a phased-in approach to assessing fees on foreign-built vessels calling at U.S. ports, according to an April 17 announcement unveiling the results of its year-long Section 301 investigation.
Regular and broadly inclusive communication within a multinational company is key to having a successful export control program, two compliance experts said April 17 during a webinar hosted by professional services firm BDO.
The first few weeks of Undersecretary Jeffrey Kessler’s tenure at the Bureau of Industry and Security have been defined by industry uncertainty and skepticism toward career government and business officials, industry members and BIS staff said.
The U.S. government has told Nvidia and Advanced Micro Devices (AMD) that they must begin obtaining licenses to export certain computing chips to China, including Hong Kong and Macau, and certain other countries, the companies reported this week in filings with the Securities and Exchange Commission.
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The U.S. is likely to soon try to place export controls around open-source technologies, including technologies related to semiconductors and artificial intleligence, a geopolitical risk management consultant said.
Seven Senate Republicans led by Sen. Pete Ricketts, R-Neb., called on the Commerce Department April 11 to replace its “burdensome” rule to regulate the global diffusion of advanced AI chips and models.
Property management companies, real estate agents and other firms in the property services industry are underreporting suspected sanctions violations to the U.K. government, a U.K. sanctions agency said last week. The country’s Office of Financial Sanctions Implementation said it suspects those firms are illegally helping sanctioned Russians buy or sell property, adding that Russians are likely being aided by small-scale property service firms or “sole practitioners with high-risk appetites” and long-standing relationships with sanctioned people.
A British court last week sentenced two Russians, including one former senior trade official, to prison for violating U.K. sanctions against Russia. The case marks the first conviction in the U.K. for a breach of sanctions under its Russia Sanctions Regulations, the Crown Prosecution Service said.
John Hurley, President Donald Trump’s nominee to be undersecretary of the treasury for terrorism and financial crimes (see 2502120058), said April 10 that he wants to "understand better how we can tighten the focus” on Chinese companies that steal U.S. innovations.