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In testimony before the U.S. Senate Caucus on International Narcotics Control last week, Under Secretary for Terrorism and Financial Intelligence Brian Nelson Before the U.S. Senate Caucus on International Narcotics Control directed lawmakers attention to Chinese money laundering organizations (CMLOs).
CMLOs offer several advantages for illicit actors. These money launderers are insular, decentralized, and rely on interpersonal relationships among the Chinese diaspora to conduct business, making them difficult for law enforcement to penetrate.
Bipartisan legislation (HR 8187) introduced last week would improve transparency in the current battery supply chain by creating an Energy Department program to support the development, implementation and adoption of digital identification systems.
The US Export-Import Bank signed two new Memoranda of Understanding yesterday, one with Nigeria and the other with Mastercard.
The Nigerian MOU is "to encourage collaboration and identify projects that enhance economic prosperity between Nigeria and the United States,"according to EXIM. The Mastercard MoU is "to encourage collaboration opportunities in support of small businesses."
Responding to reports the company has secretly funded research at US universities through an independent foundation, new chairman of the House Select Committee on China Rep. John Moolenaar (R-Mich) is taking aim at Chinese telecoms giant Huawei.
The research funding is a way for China to steal US innovations, the chairman said. The Administration should suspend all export licenses to Huawei and consider other steps such as placing the company on the Specifically Designated National list, he stated.
The Justice Depaertment's Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) will be submitting for review and approval revisions to the form filed for approval to permanently export NFA firearms registered in the National Firearms Registration and Transfer Record
The Energy Department has published their interpretation of the statutory definition of “foreign entity of concern” (FEOC) in the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law (BIL), which applies to multiple programs related to the battery supply chain.
In this final interpretive rule, DOE responds to public comments, clarifying the term “foreign entity of concern” by providing interpretations of the following key terms: “government of a foreign country;” “foreign entity;” “subject to the jurisdiction;” and “owned by, controlled by, or subject to the direction.”
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