Christopher Pilkerton, President Donald Trump’s nominee to be the Treasury Department's assistant secretary for investment security (see 2506040013), said Sept. 4 that he would aim to increase compliance with U.S. requirements for foreign investment.
Democrats in the Senate are arguing that it's time to pass a bipartisan bill that would authorize up to 500% tariffs on goods from countries that buy Russian oil and gas and aren't providing aid to Ukraine to defend itself.
Barloworld, a South Africa-based industrial equipment company, said it may have violated U.S. export controls and has disclosed the issue to the Bureau of Industry and Security.
A Texas-based freight forwarder will pay the Office of Foreign Assets Control more than $1.6 million to settle allegations that it violated sanctions against Venezuela and Iran. OFAC said company employees bypassed its sanctions compliance program procedures by working with a designated Venezuelan airline and an Iran-linked aircraft to transport goods from Mexico to a customer in Argentina.
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Kimberly Prost, an International Criminal Court judge sanctioned by the Office of Foreign Assets Control last month, suggested that her designation may not meet OFAC sanctions criteria and that she’s considering challenging it. Although the listing has had “serious” financial and psychological effects on her and other ICC judges designated by the Trump administration this year, she said the court will continue its investigations.
The Bureau of Industry and Security is revoking Taiwan Semiconductor Manufacturing Company's status as a validated end-user, which allows the company to ship certain chip equipment to China under a general authorization, the company said Sept. 2.
A newly required annual report to Congress on certain dual-use export license applications could cause exporters to be more cautious about seeking those licenses, a trade lawyer said in an interview.
The Bureau of Industry and Security is removing Chinese affiliates of Samsung and SK hynix from its Validated End-User List, making them ineligible for a general authorization that had allowed them to receive certain controlled technology for their Chinese factories.
House lawmakers have proposed dozens of export control-, sanctions- and foreign investment-related amendments to their chamber’s version of the FY 2026 National Defense Authorization Act (NDAA), including measures aimed at China, Russia and Turkey.