The Office of Foreign Assets Control is considering adding a new online portal for sanctioned people and parties to ask to be removed from the agency's Specially Designated Nationals List and other OFAC restricted party lists.
An Israeli telecommunications and cybersecurity technology company told the Bureau of Industry and Security that it may have violated export controls against Russia and Belarus.
Enacting two pending export control bills into law could help keep U.S. AI technology out of China’s hands, an advocacy group representative told the House Select Committee on China June 25.
Rep. Keith Self, R-Texas, introduced a bill June 12 that would increase the congressional notification threshold for exports of firearms controlled under Category I of the U.S. Munitions List. The legislation would set the threshold at $4 million, up from $1 million, a level set in 1976. The bill was referred to the House Foreign Affairs Committee.
The House approved bills late June 23 dealing with anti-piracy sanctions and foreign investment in U.S. farmland.
The Office of Foreign Assets Control this week sanctioned Giovanni Vicente Mosquera Serrano, who is "involved in" the drug trafficking and financial operations of the transnational criminal group Tren de Aragua. The agency said Mosquera Serrano oversees drug trafficking efforts and murders on behalf of the gang in Colombia, and he also manages the "financial proceeds" of the gang’s criminal activities. The State Department is offering up to $3 million in rewards for information leading to his arrest or conviction.
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Former U.S. and U.K. national security officials warned the British government about aligning too closely with a decoupling strategy toward China, saying this week that the U.K. should carefully manage sensitive trade issues but not in a way that strains economic ties with Beijing.
President Donald Trump appeared to signal June 24 that the U.S. no longer will sanction China for purchases of Iranian oil.
The Bureau of Industry and Security this week officially released its enforcement order, charging letter and settlement agreement involving Unicat Catalyst Technologies, the Texas-based industrial equipment supplier that recently was assessed millions of dollars in combined penalties by BIS, DOJ and the Office of Foreign Assets Control for allegedly violating export control and sanctions laws (see 2506170047).