A U.K. citizen was sentenced to 18 months in prison Jan. 31 for violating U.S. sanctions on Iran by exporting and attempting to export dual-use goods to Iran without the required license.
The Treasury Department has been too slow to propose regulations for a congressionally mandated sanctions whistleblower program, a group of bipartisan senators said this week, calling the agency’s lack of progress “unacceptable.”
The House Foreign Affairs Committee on Feb. 6 approved a bill that would designate the Houthis as a Foreign Terrorist Organization following the Yemen-based group’s recent attacks on commercial ships in the Red Sea.
U.S. commercial space company Momentus has completed the requirements of a 2021 national security agreement with the Committee on Foreign Investment in the U.S., the company announced last week.
The Bureau of Industry and Security sent an interim final rule for interagency review that would make “changes” to the Export Administration Regulations. The rule was sent to the Office of Information and Regulatory Affairs on Feb. 4. The agency didn’t say what those changes would be.
The U.S. and other governments have so far placed export controls only on advanced semiconductors because they may believe restrictions on a broader, more mature set of chips won’t be effective, experts said this week.
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The Bureau of Industry and Security should get a “significant” funding boost next year so its export control authorities can keep pace with emerging technologies and so its enforcement branch can continue increasing penalties on violators, the top Democrats on the Senate Banking Committee said this week.
The U.K. High Court of Justice on Jan. 29 ruled that disclosures of reinsurance documents from a reinsurance broker to an airplane leasing company wouldn't violate the U.K.'s Russia sanctions regime. The disclosures were related to an insurance claim on planes leased by Russian airline operators.
Beijing recently warned Japan not to take any moves that could disrupt supply chains with China following reports that Tokyo could soon tighten its restrictions on certain technology exports.