Source: U.S. Department of Justice – Office of Public Affairs Combined Penalty of $1.19 Billion with Department of Commerce and Department of Treasury Actions Shows All of Government Approach to Sanctions Enforcement ZTE Corporation has agreed to enter a guilty plea and to pay a $430,488,798 penalty to the U.S. for conspiring to violate the […]

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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: 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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Webinar Intredex and Bingham Greenebaum Doll Present   OFAC Restrictions: Trade with Cuba, Iran, Balkans, Belarus, and Burma. What Restrictions Apply to Russia? Today and Tomorrow January 19, 2017 – Thursday 1:00 pm – 2:30 pm EST (12:00 pm CT, 11:00 am MT, 10:00 am PT)   Are You Aware of the Foreign Assets Control […]

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U.S. Department of Commerce – BIS This rule amends a license exception to allow cargo aboard aircraft to transit Cuba when that cargo is bound for destinations other than Cuba. This rule also authorizes export and reexport of certain items sold directly to individuals in Cuba under a license exception. Finally, this rule revises the […]

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Source: U.S. Department of the Treasury – OFAC OFAC and the Department of Commerce’s Bureau of Industry and Security (BIS) are announcing new amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), respectively. These amendments help create more economic opportunity for Cubans and Americans, further implementing the direction toward Cuba that […]

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Source: U.S. Department of Commerce-BIS Alexey Barysheff of Brooklyn, New York, a naturalized citizen of the United States, was arrested on federal charges of illegally exporting controlled technology from the United States to end-users in Russia. Simultaneously, two Russian nationals, Dmitrii Aleksandrovich Karpenko and Alexey Krutilin, were arrested in Denver, Colorado, on charges of conspiring […]

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Source: U.S. Department of Justice – Office of Public Affairs WASHINGTON – Amin Yu, 55, of Orlando, Florida, was sentenced to 21 months in federal prison for acting in the U.S. as an illegal agent of a foreign government without prior notification to the Attorney General and for conspiring to commit international money laundering. Assistant […]

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