Regular and broadly inclusive communication within a multinational company is key to having a successful export control program, two compliance experts said April 17 during a webinar hosted by professional services firm BDO.
House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., and Rep. Jimmy Panetta, D-Calif., reintroduced a bill April 14 that could lead to additional sanctions on China for supporting Russia’s invasion of Ukraine.
House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., and former House Majority Leader Steny Hoyer, D-Md., introduced a bill April 14 that would increase sanctions and export controls on Russia over its invasion of Ukraine.
The U.K. on April 14 added two entries to its Iran sanctions regime and amended entries under its Russia and global anti-corruption sanctions lists. Under the Iran sanctions regime, the Office of Financial Sanctions Implementation listed Rawa Majid and the Foxtrot Network. OFSI amended the entries for Paramount Energy & Commodities and its owner, Niels Oscar Troost. Under the global anti-corruption list, OFSI corrected the listing of Moldovan national Marina Tauber.
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Property management companies, real estate agents and other firms in the property services industry are underreporting suspected sanctions violations to the U.K. government, a U.K. sanctions agency said last week. The country’s Office of Financial Sanctions Implementation said it suspects those firms are illegally helping sanctioned Russians buy or sell property, adding that Russians are likely being aided by small-scale property service firms or “sole practitioners with high-risk appetites” and long-standing relationships with sanctioned people.
A British court last week sentenced two Russians, including one former senior trade official, to prison for violating U.K. sanctions against Russia. The case marks the first conviction in the U.K. for a breach of sanctions under its Russia Sanctions Regulations, the Crown Prosecution Service said.
John Hurley, President Donald Trump’s nominee to be undersecretary of the treasury for terrorism and financial crimes (see 2502120058), said April 10 that he wants to "understand better how we can tighten the focus” on Chinese companies that steal U.S. innovations.
Sens. Joni Ernst, R-Iowa, and Richard Blumenthal, D-Conn., announced April 9 that they are introducing a bill designed to strengthen sanctions enforcement against Russia’s “ghost fleet” of oil-carrying ships.
Landon Heid, President Donald Trump’s nominee to be assistant secretary of commerce for export administration (see 2502120020), said April 10 that he wants the Bureau of Industry and Security to wage a “continuous battle every single day” to prevent China from obtaining restricted U.S. technology.