The Census Bureau is finalizing a rule that will expand the types of parties responsible for submitting export filings for in-transit shipments that are imported to the U.S. from foreign countries before being exported to another foreign destination. The agency also is adding new language to acknowledge that those parties rely on information from others to make sure the shipments comply with export controls, said it plans to eventually move forward with a new country of origin reporting requirement for in-transit exports, revised its detention for "ultimate consignee" and made other clarifications to the Foreign Trade Regulations.
Treasury Secretary Scott Bessent this week echoed earlier comments from the White House that said the administration is open to expanding its Nvidia and AMD revenue-sharing export arrangements to other companies or industries (see 2508120049). He said the U.S. is OK negotiating export controls over Nvidia’s H20s chips because they present no national security issues.
The European Commission this month updated its sanctions guidance on banned Russian diamonds, including sections related to tracing diamond imports, required certifications and verifications, resources for importers and more.
Rep. Jim McGovern, D-Mass., urged the Trump administration Aug. 8 to consider imposing sanctions under the Global Magnitsky Human Rights Accountability Act against those responsible for transnational financial repression of Barlyk Mendygaziyev, a Kazakhstani businessperson based in the U.S.
Rep. Joe Wilson, R-S.C., a senior member of the House Foreign Affairs Committee, urged the Bureau of Industry and Security on Aug. 11 to “move quickly” to remove its export controls on Syria to help the country recover from a 14-year civil war.
Two Republican lawmakers gave different views Aug. 12 on the Trump administration’s decision to allow Nvidia and AMD to sell certain controlled chips to China in exchange for a portion of their sales revenue (see 2508110044).
The U.K. on Aug. 12 amended or corrected a total of four entries under its sanctions regimes covering cyberattacks, Iraq and global irregular migration and trafficking in persons.
The Office of Foreign Assets Control this week sanctioned an armed group, a mining company and two export firms for their ties to violence and the sale of critical minerals in the Democratic Republic of the Congo. John Hurley, the Treasury Department's undersecretary for terrorism and financial intelligence, said the critical minerals trade in the DRC is harming civilians, "fueling corruption, and preventing law-abiding businesses from investing in the DRC."
Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
A U.S. cryptocurrency trading software company has reached a proposed $2.4 million settlement with the Office of Foreign Assets Control to resolve allegations that it violated U.S. sanctions, the company disclosed this week.