Export Compliance Daily is providing readers with some of the top stories for June 1-5 in case you missed them.
China’s Commerce Ministry criticized the U.S.’ recent addition of Chinese companies to the Entity List (see 2006030032) and said it will take “all necessary measures” to defend the rights of its companies, according to an unofficial translation of a June 5 notice. China said the U.S. has “abused” its export control measures, “causing serious damage to the international economic and trade order and a serious threat to the security of the global industrial supply chain.”
An aircraft holding company is suing the Treasury Department after the agency blocked a transaction involving the company and an alleged Specially Designated Global Terrorist, according to court records filed June 2. In the lawsuit, Seychelles-registered Askan Holdings, owned by Romania-based Transylvania International Airlines SRL, argued that no sanctioned party was involved in the transaction and said the Treasury’s Office of Foreign Assets Control failed to identify the blocked party or grant Askan a license. Askan is asking a court to order OFAC to grant the license or to stop blocking the transaction.
The Commerce Department's Bureau of Industry and Security will officially add 33 companies and government agencies to the Entity List on June 5 for their roles in aiding proliferation activities and human rights abuses in China’s Xinjiang province, BIS said in two Federal Register notices. The notices formalize the additions, which were announced in May (see 2005220058).
Export Compliance Daily is providing readers with some of the top stories for May 26-29 in case you missed them.
The Commerce Department has not been able to officially designate 33 entities for weapons proliferation and human rights abuses due to publication delays at the Federal Register, a Commerce official said. The designations, which were announced May 22, will add companies and government agencies to Commerce’s Entity List for involvement in China’s detention and abuses of its Uighur population (see 2005220058).
The Bureau of Industry and Security will officially add 33 companies and government agencies to the Entity List on June 5 for their roles in proliferation activities and aiding human rights abuses in China’s Xinjiang province, BIS said in two Federal Register notices. The notices formalize the previously announced additions.
A North Korean bank and 28 North Korean and Chinese citizens were charged with evading U.S. sanctions, according to an indictment unsealed May 28. The scheme -- which included branches of North Korea’s state-owned Foreign Trade Bank in Thailand, Libya, Austria, Russia, Kuwait and China -- involved a series of front companies used to access the U.S. financial system. The scheme allowed the banks to process at least $2.5 billion in illegal payments through more than 250 front companies, which provided funding for North Korea’s nuclear missile programs.
China criticized the U.S.’s decision to add more Chinese companies to its Entity List (see 2005220058), adding that it will take measures to “protect the legitimate rights and interests of the Chinese enterprises.” A Chinese Foreign Ministry spokesperson said the U.S. has “overstretched the concept of national security” and abused its export controls. “We urge the U.S. to correct its mistake, rescind the relevant decision, and stop interfering in China's internal affairs,” the spokesperson said during a May 25 press conference.
The Bureau of Industry and Security is adding 33 companies and governmental bodies to the Entity List for their roles in military and proliferation activities and human rights abuses in China’s Xinjiang province, BIS said May 22. The two agency press releases do not mention an effective date.