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.
The Trump administration may consider expanding the revenue-sharing arrangements that it reached with Nvidia and AMD to other U.S. companies, the White House said this week.
Rep. Tony Gonzales, R-Texas, introduced a bill Aug. 8 that would sanction persons who knowingly provide content or media services to sanctioned foreign propaganda outlets. The bill was referred to several committees, including House Foreign Affairs. Further information on the legislation wasn’t immediately available.
The State Department labeled the Balochistan Liberation Army a Foreign Terrorist Organization and added several aliases to its existing entry as a Specially Designated Global Terrorist (see 1907020042), it said in Federal Register notices released this week. The additional aliases are Majeed Brigade, Fateh Squad and Zephyr Intelligence Research and Analysis Bureau. The Office of Foreign Assets Control updated its sanctions entry for the group to reflect the change.
Pacific Biosciences of California, an American biotechnology firm, said it recently informed the Bureau of Industry and Security about possible export violations involving China.
Semiconductor companies Nvidia and AMD are expected to pay the U.S. government a portion of the profits they earn from selling certain controlled chips to China, an arrangement that has sparked concerns and questions among exporters, lawmakers and former government officials.
U.S. companies shouldn’t rush to start business with Syria despite the Trump administration lifting some sanctions, said Daniel Schneiderman, a former Pentagon official who oversaw Afghanistan policy.
U.S. export controls have so far helped American chip companies maintain technological dominance over Chinese ones, a technology policy expert said this week, which suggests the Trump administration should rethink its decision to allow sales of H20 chips to China (see 2507150013).
An active-duty service member of the U.S. Army was charged with trying to send national defense information to a foreign adversary and trying to export controlled technical data, DOJ announced Aug. 6. Taylor Lee, stationed at Fort Bliss in El Paso, Texas, allegedly tried to send information on the M1A2 Abrams tank, an "armored fighting vehicle used by the U.S. military" and combat operations to the Russian military.
Senate Foreign Relations Committee ranking member Jeanne Shaheen, D-N.H., said Aug. 7 that she plans to “redouble” her efforts to enact a bill to sanction officials who undermine democracy in the Republic of Georgia.