The Bureau of Industry and Security published a new set of frequently asked questions for its recently updated semiconductor export controls (see 2310170055), offering guidance on the agency’s new export notification requirement, its controls on U.S. persons activities, the scope of its end-use controls, direction for electronic export information filers and more. The FAQs also give input on several export scenarios that may require a license and preview at least one export control revision that BIS plans to make.
OFAC General Licenses
OFAC publishes general licenses that authorize certain transactions or activities that would otherwise be subject to restrictions under U.S. sanctions. Users of general licenses generally don't need to apply for a specific license.
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