Source: U.S. Department of the Treasury – OFAC a)(l) The reexportation by a non-U.S. person of Eligible Aircraft to Iran on temporary sojourn is authorized, provided all of the criteria set forth in paragraph (b) are satisfied. (2) For purposes of this general license, the term “Eligible Aircraft” means a U.S.-origin fixed-wing civil aircraft or […]

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Source: U.S. Department of Commerce – BIS This final rule indicates how articles the President has determined no longer warrant control under Category XIV (Toxicological Agents, Including Chemical Agents, Biological Agents, and Associated Equipment) or Category XVIII (Directed Energy Weapons) of the United States Munitions List (USML) will be controlled under the Commerce Control List […]

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Source: U.S. Department of Commerce – U.S. Census Bureau The international trade deficit was $63.3 billion in June, up $2.2 billion from $61.1 billion in May. Exports of goods for June were $120.2 billion, $1.1 billion more than May exports. Imports of goods for June were $183.5 billion, $3.3 billion more than May imports. …

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Source: U.S. Department of the Treasury – OFAC OFAC has issued a Finding of Violation to Compass Bank, which uses the trade name BBVA Compass (“Compass”), for violations of the Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. part 598 (FNKSR). From June 12, 2013 to June 3, 2014, Compass maintained accounts on behalf of two […]

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Source: Defense News LONDON — British defense exports fell nearly 10 percent in 2015 despite the market for global arms exports overall rising significantly, according to figures released by the UK government July 26. Given the lack of platform sales achieved by British industry last year, the Defence & Security Organisation, which leads the government’s […]

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Source: U.S. Department of Justice – Office of Public Affairs Alexander Fishenko, a dual citizen of the United States and Russia, was sentenced today to 10 years in prison and ordered to forfeit more than $500,000 in criminal proceeds following his guilty plea on Sept. 9, 2015 to a 19-count indictment. Fishenko pleaded guilty to […]

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Source: European Commission EU Trade Commissioner Cecilia Malmström and Indonesian Minister of Trade Tom Lembong today agreed to officially launch the negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between the EU and Indonesia with the aim to deepen and strengthen a key aspect of the bilateral relationship. The announcement follows today’s decision by the […]

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Source: U.S. Department of Justice – U.S. Attorney’s Office District of Connecticut Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that Daofu Zhang, 40, of Shenzen, China, was sentenced today by U.S. District Judge Robert N. Chatigny in Hartford to 15 months of imprisonment for conspiring to sell counterfeits of sophisticated […]

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Source: U.S. Department of Commerce – ITA WASHINGTON – Acting U.S. Under Secretary of Commerce for International Trade Ken Hyatt today announced that international visitors spent $21.0 billion on travel to, and tourism-related activities within, the United States in May, a slight decrease (-0.1%) when compared to May 2015. This slight downturn is mostly attributable […]

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