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Trade & Manufacturing Alert - May 2017

Public Comments And Hearing Regarding Administration Report On Significant Trade Deficits - On April 17, 2017, the Office of the United States Trade Representative (USTR) and the U.S. Department of Commerce’s International...more

Status Update On NAFTA

Although the situation remains fluid, all signs now point to renegotiation (as opposed to termination) of the North American Free Trade Agreement (NAFTA or the Agreement). Late last week, press reports indicated that a draft...more

From Obama to Trump – Sanctions Roundup

The Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury has issued several significant updates to various sanctions programs over the last several weeks. Beginning during President Barack Obama’s last...more

New York Department of Financial Services Intensifies AML Enforcement Under New Superintendent

Superintendent of New York State Department of Financial Services (“NYDFS”), Maria T. Vullo, has focused the Department’s efforts on enforcement of New York’s Anti-Money Laundering (“AML”) laws. Since her confirmation on June...more

FinCEN Issues Advisory on Jurisdictions with AML/CFT Deficiencies

The Financial Crimes Enforcement Network (“FinCEN”), an agency within the U.S. Treasury Department, has put forth an Advisory on the FATFIdentified Jurisdictions with AML/CFT (Anti-Money Laundering/Combating the Financing of...more

Presidential “Notice” Triggers New Iran Sanctions Designations

On February 3, 2017, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury added twenty-five individuals and entities to its Specially Designated Nationals (“SDN”) List. According to the White...more

OFAC Issues General License Authorizing Most Transactions with Sudan

On January 13, 2017, President Obama signed Executive Order 13761 (“E.O. 13761”), “Recognizing Positive Actions by the Government of Sudan and Providing for the Revocation of Certain Sudan-Related Sanctions.” Effective July...more

Extension of Iran Sanctions Act: For Now, A Symbolic Act

On December 1, the United States Congress voted overwhelmingly to extend the Iran Sanctions Act, which was set to expire on December 31, for 10 more years. Between the two chambers, there was only one vote cast against the...more

Trade & Manufacturing - News of Note - November 2016

Anniversary of Softwood Lumber Agreement Expiration Could Bring New Trade Case - October 12 marked the one-year anniversary of the expiration of the 2006 Softwood Lumber Agreement between the United States and Canada and...more

FinCEN Issues Advisory on Cyber Crime

On October 25, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) published an Advisory to Financial Institutions on Cyber-Events and Cyber-Enabled Crime and an accompanying Frequently Asked...more

Trade & Manufacturing - October 2016

What the Next President Should Do About U.S. Manufacturing - Top industry executives, political leaders, small business and trade union leaders, researchers and policymakers are offering a blueprint for maintaining the...more

Building on a New Foundation: U.S.-Africa Trade & Investment

As a result of the initiatives put into place over the last two decades, the United States has positioned itself to take advantage of Africa’s economic resurgence, suggests a report issued by the Office of U.S. Trade...more

Trade & Manufacturing - News of Note - August 2016

ITC Votes to Extend Antidumping Duties on Imports of Porcelain-on-Steel Cooking Ware from China for Five More Years - On July 12, the International Trade Commission (ITC) voted 5-0 to extend the U.S. antidumping duty...more

Prime Minister Modi’s Visit to the U.S.: U.S., India Seek Stronger Ties, Increased Trade

The world’s largest democracy and the world’s most powerful democracy continue to seek ways to create deeper ties. Given larger geopolitical trends, it appears the relationship is blossoming, which presents opportunities for...more

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