Sandler, Travis & Rosenberg P.A., has announced that beginning Nov. 1 it will be able to accredit non-government agency training materials for purposes of the new continuing education requirement for licensed customs brokers “ST&R is proud to be one of only five organizations, and the only law firm, selected by U.S. Customs and Border Protection to serve as accreditors,” said Lenny Feldman, who serves as managing partner, Operating Committee, for the firm. ST&R to Begin Accrediting Continuing Education Resources for Customs Brokers Sandler, Travis & Rosenberg P.A., has announced that beginning Nov. 1 it will be …
The State Department, Commerce and the Treasury announced sweeping sanctions on nearly 400 individuals and entities across 17 jurisdictions involved in providing advanced technology, equipment, and financial support to Russia’s military-industrial complex.
The total amount of claims of 17 Russian TV channels to Google has reached 2 undecillion rubles, according to reporting by RBC . Undecillion is a unit with 36 zeros. Dating to a 2020 decision to block YouTube accounts controlled by parties subject to the 2014 US sanctions, Google's troubles compounded when it blocked Sputnik, RT and other state controlled channels in February 2022.
President Biden has announced the allocation of $3 billion through the Environmental Protection Agency’s (EPA) Clean Ports program, part of the Inflation Reduction Act, to 55 projects across 27 states and territories. The Maryland Port Administration will receive $147 million in funding, aimed at both implementation and planning. "The initiative will modernize port infrastructure, foster cleaner operations, and improve working conditions, while promoting economic growth and environmental justice," according to the White House.
…Monday the Treasury Department published the final language of the outbound investment requlations, governing US firm's investment in Chinese strategic technology. The Treasury issued a final rule to implement Executive Order 14105 of August 9, 2023, “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern” (the Outbound Order). The Final Rule provides the operative regulations and a detailed explanatory discussion regarding their intent and application.
The Treasury announced Tuesday that the United States and Taiwan, under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO), will begin negotiations on a comprehensive agreement to address double taxation issues. The first round of negotiations is expected to take place in the coming weeks.
The Financial Action Task Force (FATF) failed to reach consensus on blacklisting Russia, with the opposition led by China, India, Saudi Arabia, and South Africa, and UN Secretary General Antonio Guterres flew to Kazan to shake hands and bow to Russian leader Vladimir Putin, sending a tacit message to petty tyrants and hedgemonists everywhee.
A sanctioned fugitive Venezuelan television news network owner has been charged for his role in a $1.2 billion scheme to launder funds corruptly obtained from Venezuela’s state-owned and state-controlled energy company, Petróleos de Venezuela S.A. (PDVSA), in exchange for hundreds of millions in bribe payments to Venezuelan officials.
The Millennium Challenge Corporation (MCC) of the United States has signed a five-year Compact with the Government of the Republic of Zambia (GRZ) to promote economic growth and reduce poverty through investments in agriculture and agro-processing. The Compact, valued at $491,750,000, includes $458,000,000 from the MCC and $33,750,000 from GRZ. The program focuses on overcoming constraints to economic growth, such as poor roads, limited private capital for agricultural investment, and an uncertain policy environment.
Australia, the U.K. and the U.S. — all members of the AUKUS trilateral partnership — participated in "Maritime Big Play," a series of integrated experiments and exercises held in the Indo-Pacific region, meant to enhance capability development and improve interoperability between the partners. As part of the experiments and exercises, the AUKUS partners tested and refined their ability to jointly operate uncrewed maritime systems, share and process naval data, and provide real-time maritime domain awareness in support of decision-making,.
The Materials and Equipment Technical Advisory Committee will meet on November 7, 2024, 10:00 a.m.- 3:00 p.m., Eastern Standard Time, in the Herbert C. Hoover Building, The Open session will include presentations by Livingston International and the Hydraulic Institute Valve Association
On October 24 and 25, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) joined the Financial Transactions and Reports Analysis Centre (FINTRAC) of Canada in co-hosting the first FinCEN-FINTRAC Anti-Money Laundering/Anti-Terrorist Financing Symposium. The Symposium, held in Ottawa, Canada, brought together financial intelligence units (FIUs) and law enforcement agencies from Canada, the United States, Australia, the Netherlands, and the United Kingdom, as well as U.S.- and Canada-based financial institutions, to discuss a variety of money laundering and terrorist financing issues.
Supply-chain finance is crucial for enabling global trade but remains inaccessible to many small businesses in developing economies, impeding their growth and participation in international commerce, contend Ngozi Okonjo-Iweala and Makhtar Diop in an article published by Project Syndicate October 23. Despite the global value of supply-chain finance reaching $2.3 trillion, “most businesses in developing countries remain on the sidelines,” hindered by weak legal frameworks, high costs, and limited infrastructure.
Reuters reports that Turkey's Halkbank has been found not to be immune from charges it helped Iran evade American sanctions. The 2nd Circuit court rejected the state-owned lender's argument that it deserved immunity.
Executive Order 14114, issued by President Biden on December 22, 2023, amends E.O. 14068 to ban the importation of certain seafood and diamonds originating from the Russian Federation. The order mandates that the Department of Homeland Security (with the Treasury's concurrence) implement data collection for enforcing these prohibitions. Filed on: 10/21/2024 at 8:45 am Scheduled Pub. Date: 10/22/2024 FR Document: 2024-24341 PDF 9 Pages (126 KB) …
The Administration continues its response to certain countries of concern's efforts to access Americans’ sensitive personal data and U.S. Government-related data. On October 18, 2024, the Justice Department’s National Security Division issued a Notice of Proposed Rulemaking (NPRM) to offer full draft regulations for public notice and comment.
The Pennsylvania State University located in University Park, Pennsylvania, has agreed to pay $1,250,000 to resolve allegations that it violated the False Claims Act by failing to comply with cybersecurity requirements in fifteen contracts or subcontracts involving the Department of Defense (DoD) or National Aeronautics and Space Administration (NASA). The settlement in this case provides for the whistleblower, the former chief information officer for Penn State’s Applied Research Laboratory, to receive a $250,000 share of the settlement amount
A Chinese national pleaded guilty October 17 to charges associated with the shipment of semiconductor manufacturing equipment without the required export license. In pleading guilty, Lin Chen, 65, admitted to procuring a wafer cutting machine on behalf of an entity designated on the Department of Commerce’s Entity List.
The US-China Economic Working Group met on the sidelines of the annual meetings of the World Bank and International Monetary Fund. US and Chinese officials would be “digging in” on US concerns about Chinese production overcapacity again this week, Treasury Secretary Janet Yellen said told reporters Tuesday.. The working group has been “digging in” on the overcapacity issue to see if the two sides can come to a common understanding to address the problem, Yellen said. The U.S. side "continued to raise concerns related to China’s industrial overcapacity and its impact on U.S. workers and firms," according to the readout at the meeting's end.
Reports that Taiwan Semiconductor Manufacturing Corporation chips have fueled the artificial intelligence accelerators of Chinese chip maker Huawei signal a “catastrophic failure of US export control policy,” according to House Select Committee on China Chairman John Moolenaar (R-Mich). TSMC said in a statement on Monday that it had proactively reached out to the Commerce Department regarding the matter. It said it had not supplied chips to Huawei since mid-September 2020. “We are not aware of TSMC being the subject of any investigation at this time,” the company said.