Chinese citizen Zhenyu "Bill" Wang and Texas resident Daniel Ray Lane were sentenced to 45 months in prison for trying to violate U.S. sanctions and commit money laundering as part of a scheme to "transact in sanctioned petroleum and launder the proceeds," DOJ announced.
Lawmakers are proposing dozens of export control-, sanctions- and foreign investment-related amendments to the House version of the FY 2025 National Defense Authorization Act (NDAA), including measures aimed at China, Iran and Russia.
Houston residents Muzzamil Zaidi and Asim Mujtaba Naqvi pleaded guilty last week for their role in a scheme to send money to Iran without permission from the Office of Foreign Assets Control, DOJ announced.
Companies should expect the U.S. to soon expand the statute of limitations for certain export control violations to align with a similar extension for sanctions violations, a law firm said.
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.
Sens. Dan Sullivan, R-Alaska, and Richard Blumenthal, D-Conn., in a letter called on President Joe Biden to increase enforcement of Iran sanctions, especially in the lucrative oil and gas sector, to reduce the revenue Tehran has available to “fund aggression and terrorism in the Middle East and beyond,” the lawmakers said last week.
European countries not in the EU aligned with two recent EU sanctions moves concerning Iran and human rights abuses, the Council of the EU announced.
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 now-defunct Thai trading company will pay $20 million to settle charges that it violated Iran sanctions by selling high density polyethylene resin made in Iran to East Asian customers in U.S. dollars, the Office of Foreign Assets Control said April 19 in an enforcement release.
The U.S. announced on April 18 a new package of export controls and sanctions against Iran and its activities that support Russia’s war effort, in retaliation for Iran’s attack five days earlier on Israel.