The Financial Crimes Enforcement Network on April 18 updated the FAQs for its new beneficial ownership information (BOI) reporting rule. The updates include new questions and updated information about reporting companies, beneficial ownership through trusts, and access to beneficial ownership information, among other topics, FinCEN said.
The State Department has approved the possible foreign military sale to Argentina of “Basler BT-67 Aircraft” and related elements of logistics and program support for $143 million, the agency announced April 18. The principal contractor will be Basler Turbo Conversions.
Commerce Secretary Gina Raimondo said April 17 she’s concerned that a host of upcoming elections around the world could fuel harmful sentiment against international trade.
The State Department has approved the possible foreign military sale of “C-172 and AC/RC-208 Aircraft Contractor Logistics Support and Training” and related equipment to Iraq for $140 million, the agency announced April 15. The principal contractor will be Northrop Grumman.
Two subsidiaries of a U.S.-based cleaning product supplier voluntarily dismissed their charge complaint against major ocean carrier Mediterranean Shipping Co., telling the Federal Maritime Commission April 10 that the companies have agreed to reach a “resolution of this matter outside of” FMC proceedings. Impact Products and Safety Zone, subsidiaries of Supply Source, accused MSC in February of issuing unfair detention and demurrage and committing other violations of U.S. shipping laws, leading to over $200,000 in financial damages (see 2402140014).
The Bureau of Industry and Security is looking for new candidates to serve on each of its six technical advisory committees, the agency said this week. The TAC members -- selected from industry, academia and government -- will help advise the Commerce Department on export controls and may serve terms of not more than four consecutive years. Applicants should send a resume and other required information to Yvette.Springer@bis.doc.gov by June 11.
Japan is just one of “several additional partners” that Australia, the U.K. and the U.S. are considering involving under a portion of the AUKUS partnership that calls for greater defense trade collaboration, a senior U.S. administration official told reporters this week.
The U.S., Australia and the U.K. are making “progress” on creating license-free defense trade among the three countries under the AUKUS partnership, they said in a joint statement this week. They also said they are considering involving Japan in the effort.
The Commerce Department will award up to $6.6 billion in funding to Taiwan Semiconductor Manufacturing Company under the Chips Act to help the leading semiconductor manufacturing firm build fabs in Arizona, the agency announced April 8. Commerce said it signed a “non-binding preliminary memorandum of terms” with TSMC for the funding, which will help it build two previously announced fabs in Phoenix (see 2005150033) and an additional third fab before the end of the decade.
The Federal Maritime Commission on April 5 warned the ocean transport industry against imposing unreasonable detention and demurrage fees as shippers and carriers adjust their supply chains due to the collapse of the Francis Scott Key Bridge in Baltimore last month (see 2403260047).