The House on Jan. 12 passed a bill aimed at helping the Treasury Department find terrorists, Russian oligarchs and corrupt government officials.
The House Select Committee on China has sent letters to the chief executives of U.S. chipmakers Intel, Nvidia and Micron Technology asking them to testify before the panel about the challenges their industry faces, a person close to the committee said Jan. 12, confirming a Financial Times report. A hearing date has not yet been determined, the person said.
India and the U.S. should aim for "economically meaningful outcomes" from better customs and trade facilitation, supply chain linkages, trade in high-tech products and trade in critical minerals between the two countries, India's commerce minister and U.S. Trade Representative Katherine Tai said in a joint statement.
The U.N. Security Council and the U.K. last week amended 14 entries under their ISIL (Da'Esh) and al-Qaida sanctions regimes. The changes affect the listings for 12 people and two entities, including to reflect that some are reportedly deceased. All entries remain subject to an asset freeze.
The Office of Foreign Assets Control last week removed sanctions for 9H-OKO, an aircraft that it had sanctioned in 2022 for being owned by Emperor Aviation, a Malta- and Russia-based aircraft management company. The agency didn’t provide more information about the removal.
A new set of U.S. sanctions last week targeted one person and three entities involved in transferring and testing missiles shipped between North Korea and Russia, the State Department said.
Turkish trading company Cncform Group is selling computer numerical control machines to Russian importers with ties to sanctioned Russian aviation companies and military end users, according to compliance risk advisory firm Kharon.
The Office of Foreign Assets Control last week sanctioned two companies, in Hong Kong and the United Arab Emirates, along with their vessels, for shipping Iranian goods on behalf of a financial facilitation network for the Houthi rebels.
A new U.S. executive order significantly raises Russia-related compliance risks for foreign banks that may have thought they weren’t subject to U.S. sanctions authorities, law firms said this month. The order also could lead to new risks for U.S. businesses, the firms said, which may need to conduct more due diligence on any foreign financial institutions with ties to their supply chains.
The Bureau of Industry and Security is extending the public comment period for an information collection involving import and end-use certificates, its delivery verification procedures and its firearms entry clearance requirements. The certificates are obtained by the foreign importer and transmitted to the U.S. exporter, BIS said, and the delivery verification certificate, which the agency requires as part of its export control program, must be completed by the ultimate consignee when the goods are delivered. BIS said the firearms entry clearance requirements are “necessary” due to the 2020 shift in export control jurisdiction of certain defense items from the State Department to the Commerce Department (see 2001170030). BIS is allowing for another 30 days of comments from after the notice is published on the Office of Information and Regulatory Affairs website.