Source: U.S. Department of the Treasury – OFAC The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $515,400 settlement with United Medical Instruments, Inc. (“UMI”), a company incorporated in California. UMI agreed to settle its potential civil liability for 56 alleged violations of the Iranian Transactions and Sanctions Regulations, […]

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Source: U.S. Department of Justice Alexander Posobilov, 62, of Houston, Texas, was sentenced to 135 months in prison for conspiring to export and illegally exporting controlled microelectronics to Russia, and for conspiring to launder money. The sentence was announced by Acting Assistant Attorney General for National Security Mary B. McCord and U.S Attorney Robert L. […]

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Source: Council of the European Union On 27 February 2017, the Council adopted legal acts imposing further restrictive measures against the Democratic People’s Republic of Korea (DPRK). These legal acts transpose the additional restrictive measures imposed by United Nations Security Council resolution (UNSCR) 2321 adopted on 30 November 2016. The measures include restrictions on transactions […]

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Source: U.S. Department of Justice Ali Caby, a/k/a “Alex Caby,” 40, a U.S. permanent resident currently residing in Bulgaria; Arash Caby, a/k/a “Axel Caby,” 43, of Miami, Florida; and Marjan Caby, 34, of Miami, Florida, were arrested and charged with exporting prohibited articles to Syria, in violation of the Syria trade embargo, commerce regulations and […]

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Source: U.S. Department of Commerce – BIS On March 24, 2016, the Bureau of Industry and Security (BIS) published a final rule, Temporary General License. The March 24 final rule created a temporary general license that restored, for a specified time period, the licensing requirements and policies under the Export Administration Regulations (EAR) for exports, […]

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Source: WTO A major milestone for the global trading system was reached on 22 February 2017 when the first multilateral deal concluded in the 21 year history of the World Trade Organization entered into force. In receiving four more ratifications for the Trade Facilitation Agreement (TFA), the WTO has obtained the two-thirds acceptance of the […]

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Source: Miami Herald Abrahán José Aguilar Sánchez, one of three Venezuelans accused of attempting to illegally export firearms and bullets to Venezuela, has pleaded guilty to the charges. Aguilar Sánchez, 35, was the third and last of the three Venezuelans arrested in the case. He pleaded guilty Wednesday before U.S. District Judge Cecilia Altonaga. Alfredo […]

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Source: U.S. Department of Commerce – BIS. In accordance with the memorandum from the Assistant to the President and Chief of Staff, entitled “Regulatory Freeze Pending Review,” published on January 24, 2017, the implementation date of one revision implemented by the final rule entitled “Commerce Control List: Removal of Certain Nuclear Nonproliferation (NP) Column 2 […]

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Source: U.S. Department of the Treasury – OFAC. Office of Foreign Assets Control (OFAC) published Cyber-related General License (GL) 1, “Authorizing Certain Transactions with the Federal Security Service,” pursuant to Executive Order 13694 of April 1, 2015, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities.” GL 1 authorizes certain transactions with […]

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Source: U.S. Department of the Treasury. OFAC is updating the List of Medical Devices Requiring Specific Authorization as identified in 31 C.F.R. § 560.530(a)(3)(ii) of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), to update and clarify the scope of medical devices that are not authorized for exportation or reexportation pursuant to […]

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