Export Compliance Daily
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New Compliance Rules for Investment Advisers to Take Effect in …
Aug 30, 2024 · Login With Password. The rule, effective Jan. 1, 2026, will add certain investment advisers to the list of businesses classified as “financial institutions” under the Bank Secrecy Act, requiring them to put in place a “risk-based and reasonably designed” program to comply with anti-money laundering and countering the financing of ...
US Issues New Export Control Code of Conduct, Export Guidance
Mar 31, 2023 · The U.S. and more than 20 of its allies this week released an export controls code of conduct, establishing a new forum for “subscribing states” to share information and stop technologies from being used for human rights violations.The Bureau of Industry and Security also issued new guidance describing how it factors human rights issues into its export application decisions and outlining ...
US Shares Export Control Evasion Trends Identified by Banks ...
Sep 12, 2023 · The report comes after FinCEN and BIS in recent months issued two joint alerts, including one that was designed to put companies and entities “on notice” about the types of red flags they should be monitoring for potential Russian sanctions and export control evasion tactics (see 2210060043).The alert also created a new code for financial institutions to include in their Bank Secrecy Act ...
More Than Sanctions Screening Needed to Meet Gov’t …
Aug 16, 2023 · One alert (see 2212160027), released last year, put companies “on notice” about the types of red flags they should be monitoring for potential Russia sanctions and export control evasion tactics (see 2207130014) and signaled more due diligence responsibilities for financial institutions (see 2210060043).Another, released in May, included a list of “high priority items” to monitor along ...
Senate Confirms Export Enforcement Nominee
Dec 21, 2021 · Export Compliance Daily. Detailed and comprehensive, Export Compliance Daily delivers the perfect mix of strategic developments and operational changes that allows export compliance professionals to understand what has changed, how it will impact their operations, and which products/geographies will be affected.
US, Allies Launch Export Enforcement Coordination Effort, Hoping …
Jun 29, 2023 · The Bureau of Industry and Security announced the launch of a formal process to coordinate with certain allies on export enforcement efforts, an effort the agency’s Office of Export Enforcement has been working on for months. BIS said the “partnership” -- agreed to with the fellow Five Eyes partners Australia, Canada, New Zealand and the U.K. during a meeting in Canada this week -- will ...
Recent Export Control Enforcement Actions 'Just the Beginning,' …
May 18, 2023 · The new strike force, launched by DOJ and the Commerce Department in April (see 2302160019), is “sending a strong demand signal” from “headquarters” to prosecutors that the administration is prioritizing export control and sanctions cases, Axelrod said.But he also said the government had been working on this week's indictments -- which charged six people for trying to illegally ship ...
BIS Aiming for More Corporate Enforcement This Year, Official Says
Mar 6, 2023 · BIS Aiming for More Corporate Enforcement This Year, Official Says. 6 Mar 2023 by Ian Cohen. The Bureau of Industry and Security will increase the number of penalties it issues against corporations for export violations this year, an effort it hopes will lead to improved industry compliance, the top export BIS enforcement official said last week.
Export Controls on Semiconductor Manufacturing Equipment Recommended by ...
Jun 9, 2021 · Export Compliance Daily. Detailed and comprehensive, Export Compliance Daily delivers the perfect mix of strategic developments and operational changes that allows export compliance professionals to understand what has changed, how it will impact their operations, and which products/geographies will be affected.