The Export Import Bank of the US (EXIM) board has finalized approval of the funding  for the export of 186 modular steel panel bridges and ancillary bridging equipment, as well as technical …

The Securities and Exchange Commission (SEC) announced a settlement with Charlotte-based Albemarle Corporation. The global specialty chemicals company will pay over $103.6 million following charges of violating the Foreign Corrupt Practices Act (FCPA).  A paralell cash settlement of $115 million with the Justice Department brings the company's costs to nearly $220 million.

Clear Channel Outdoor Holdings Inc. has reached an agreement with the Securities and Exchange Commission (SEC) following concerns regarding the Foreign Corrupt Practices Act (FCPA). The U.S.-based out-of-home advertising firm will pay over $26 million in relation to the settlement. The concerns arose from interactions with Chinese government officials in the pursuit of outdoor advertising contracts.

A government contractor has been charged with espionage. Maryland resident Abraham Lemma, stands accused of gathering and delivering defense information to a foreign entity. The compromised material presumably involves Ethiopia and the Horn of Africa.

FinCEN, a part of the Treasury Department focusing on financial crimes, recently proposed a revision to the beneficial ownership information (BOI) reporting rule. The aim of this amendment is to provide an extended deadline for certain newly registered companies to file their initial BOI reports.

FinCEN intends to require individuals to use to obtain a FinCEN identifier, consistent with the final Beneficial Ownership Information Reporting Requirements Rule. Obtaining a FinCEN identifier is voluntary, but the rule requires those seeking to obtain a FinCEN identifier to complete an application and submit it to FinCEN and to update the information provided on the application. Public are invited to comment on: (1) the FinCEN Identifier Application that FinCEN intends to require individuals to use; and (2) FinCEN’s estimate of the burden involved in completing the application.

A government shutdown is set to severely impact the U.S. Department of Homeland Security (DHS), and other trade enforcement bureaus, leaving over 185,000 frontline personnel, spanning from law enforcement, security analysts, to disaster response officials, working without remuneration. Key trade operations – exporters, importers, transportation entities, customs brokers, and all linked to U.S. global trade – are bracing for interruptions. This is especially true if agencies pivotal for trade, such as the U.S. Customs and Border Protection, Department of the Treasury's Office of Foreign Assets Control, and Department of Commerce are affected.

Senate Agriculture Committee Chair Debbie Stabenow (D-Mich) and ranking Republican John Boozman (Ark) said yesterday they will work together to craft legislation to more closely scrutinize foreign investment by China and other countries in US agriculture. There is clearly bipartisan consensus in both the Senate and House on the need to take a closer look at whether foreign purchases of US farmland and agricultural companies pose a national security risk, the two senators agreed at a committee hearing September 27.

Four Republican House Committee Chairs sent a letter to Department of Homeland Security Secretary Alejandro Mayorkas criticizing the implementation and enforcement of the Uyghur Forced Labor Prevention Act (UFLPA), complaining that not enough has been done to penalize violators, and calling for more resources to be dedicated to enforcement.   

While Ford Motor Company announced on September 25 that it has paused its partnership with world’s leading EV battery maker, Republican lawmakers complain that Ford will not release confidential business information pertaining to its agreement to license Chinese technology.

As a follow-up to the establishment of the “Export Enforcement Five” or “E5” partnership to coordinate on export control enforcement issues in June 2023, the governments of Australia, Canada, New Zealand, the United Kingdom, and the United States have issued joint guidance to industry and academia identifying high priority items critical to Russian weapons systems and urging specific actions to prevent diversion of these items to Russia through third countries.

The Commerce Department’s Bureau of Industry and Security (BIS) added 28 entities to its Entity List Monday, 24 September. The entities include 11 in China, 5 in Russia, 5 in Pakistan, and others in Finland, Oman, Germany, and the UAE. They have been implicated in activities threatening U.S. national security or foreign policy.

The US Export-Import Bank Board of Directors has approved three transactions in the energy and transportation sectors, the Bank announced Friday. 1. Pre-construction engineering and feasibility studies for the potential development of two nuclear reactors at the Cernavoda nuclear power plant complex in Romania. 2. Export of Wabtec locomotive and locomotive shunter kits to the national railway of Kazakhstan. 3. Repair and upgrade of operating gas turbines in ten locations in Iraq.

Under Secretary for Arms Control and International Security Ambassador Bonnie D. Jenkins will travel to Vienna, Austria on September 24-28 to attend the 67th General Conference of the International …

On July 3, 2023, the Office of Foreign Assets Control (OFAC) issued a recent actions notice, reminding holders of property blocked pursuant to OFAC sanctions regulations published in Chapter V of Title 31 of the Code of Federal Regulations (C.F.R.) of the requirement to provide OFAC with an Annual Report of Blocked Property (ARBP).  

The Defense Trade Advisory Group (DTAG) will meet in open session from 1:00 p.m. until 5:00 p.m. on Thursday, October 12, 2023. This will be a hybrid meeting

The U.S. Department of Commerce today released the final rule implementing the national security guardrails of the bipartisan CHIPS and Science Act. The rule elaborates on two core provisions of the statute: the first, prohibiting CHIPS funds recipients from expanding material semiconductor manufacturing capacity in foreign countries of concern for ten years; and the second, restricting recipients from certain joint research or technology licensing efforts with foreign entities of concern.

The United States, the European Union and other proponents on Monday apparently failed to provide any convincing reasons as to why the World Trade Organization’s 1998 moratorium on customs duties on electronic transmissions should be continued beyond the 13th ministerial conference, which is going to be held in Abu Dhabi in February 2024, our correspondent writes.

The European Commission tabled a customs reform package on 17 May 2023. Along with a number of other provisions, key to the reform would be the establishment of an EU customs authority, which would oversee a new customs data hub.

In a recent speech, Marshall Miller, principal associate deputy attorney general, emphasized consistency, predictability, and transparency in the Department of Justice’s (DOJ) approach to corporate enforcement, particularly in relation to national security.  "National security laws must rise to the top of your compliance risk chart, with the recognition that even the most innocuous-looking transaction or activity could implicate our collective security."

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