Features

Ahead of Reimposed Iran Sanctions, Administration Predicts Evasion
With the reimposition of Iran sanctions, financial institutions should be on the lookout for possible evasive practices, the Financial Crimes Enforcement Network (FinCEN) warned in an advisory.
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Focus on Enforcement

Bay Area Resident Sent to Prison in Export Scheme
A Northern California woman was sentenced to 18 months in prison and three years' supervised release for her role in a scheme to export components...
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Businessman Indicted on Bribery Charges
A dual U.S.-Haitian citizen who resides in Spain was charged with conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and other charges...
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Chicago Man Pleads Guilty to Illegal Firearm Exports
Patrick Germain of Evanston, Ill., pleaded guilty Oct. 9, 2018, in Chicago U.S. District Court to attempting to illegally export 16 handguns, five...
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Chinese National Sent to Prison on Export Charges
A Chinese national living in Pomona, Calif., was sentenced to 46 months in prison for conspiring to procure and illegally export sensitive space...
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Cuban Electronic Equipment Shipments Draw Prison Term
Bryan Singer aka Bryan Blackheart was sentenced Sept. 27, 2018, in Key West, Fla., U.S. District Court to 78 months in prison, followed by three...
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JPMorgan Chase Pays $5 Million to Settle Sanctions Charges
Global financial institution JPMorgan Chase Bank (JPMC) agreed Oct. 5, 2018, to pay Treasury's Office of Foreign Assets Control (OFAC) $5.3 million...
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Export Controls

BIS Implements 2017 Wassenaar Changes
Bureau of Industry and Security (BIS) Oct. 24, 2018, implemented dozens of changes Wassenaar Arrangement (WA) members agreed to at its December...
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State Updates USML in Response to Comments
When government agencies request public comments on regulations, sometimes they do listen to the feedback. In an interim final rule in the Federal...
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Trade Sanctions

Singapore-Based Executive Indicted for Evading Sanctions
An indictment against a director of a Singapore-based commodities trading company was unsealed Oct. 25, 2018, in Manhattan U.S. District Court,...
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Policy Briefs

Privacy Shield Review Reveals Difficulties
Despite the diplomatic niceties, the second annual review of the U.S.-European Union (EU) Privacy Shield revealed two major fissures in the...
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Treasury Launches Pilot for Updated CFIUS Rules
Although the final regulations will not be effective until February 2020, Treasury will do a 16-month test run to implement the expanded...
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End Notes

END NOTES
ZTE : Dallas U.S. District Court Judge Ed Kinkeade Oct. 3, 2018, extended term of court-appointed monitor to March 22, 2022, "because [ZTE]...
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