Typically, the Bureau of Industry and Security (BIS) within the U.S. Department of Commerce administers export controls on end users by designating those persons on one of its public screening lists—e.g., the Unverified List,...more
As federal regulators have recently made clear, steamship lines, non-vessel-operating common carriers, indirect air carriers, freight forwarders, and others involved in the global movement of cargo must ensure that their...more
1/24/2024
/ Air Cargo ,
Air Carriers ,
Bureau of Industry and Security (BIS) ,
China ,
Common Carriers ,
Compliance ,
Department of Justice (DOJ) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Extraterritoriality Rules ,
Freight Forwarding ,
Iran ,
Maritime Transport ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Russia ,
Shipping ,
Shipping Cargo ,
Vessels
As members of Congress continue to negotiate government spending levels allotted for the next fiscal year, the United States is poised for its fourth partial government shutdown in the last decade—putting at risk the regular...more
9/26/2023
/ Appropriations Bill ,
Bureau of Industry and Security (BIS) ,
Census Bureau ,
Customs and Border Protection ,
Department of Transportation (DOT) ,
Directorate of Defense Trade Controls (DDTC) ,
Federal Budget ,
Federal Maritime Commission ,
Government Agencies ,
Government Shutdown ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
U.S. House
Voluntary self-disclosure is a valuable remediation measure for companies who identify their own potential violations of U.S. sanctions, export controls, and other national security laws....more
8/2/2023
/ Bank Secrecy Act ,
Bureau of Industry and Security (BIS) ,
Compliance ,
Cooperation ,
Criminal Investigations ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Export Controls ,
Exports ,
FinCEN ,
Joint Statements ,
National Security ,
Non-Prosecution Agreements ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Prohibited Transactions ,
Remediation ,
Self-Reporting ,
Totality of Circumstances Test ,
Voluntary Disclosure ,
Whistleblowers
On May 19, 2023, the United States, in coordination with the G7 and other international partners, imposed significant new sanctions on Russia aimed to further degrade the Russian Federation's capacity to wage war against...more
6/2/2023
/ Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Entity List ,
Export Controls ,
Financial Institutions ,
FinCEN ,
G7 ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine
As we pass the one-year anniversary of Russia's invasion of Ukraine, the U.S. government has launched an interagency initiative to crack down on evasion and violations of U.S. sanctions and export controls targeting Russia...more
3/7/2023
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
As Ukraine-Russia peace talks continue, the U.S. government continues to bring the heat. Yesterday, the Department of Commerce, Bureau of Industry and Security (BIS), issued a Final Rule broadly expanding existing...more
This is part of a series of advisory alerts from Venable in response to the ongoing situation in Ukraine. Earlier alerts on Russia and Ukraine sanctions are available here....more
3/9/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Energy Sector ,
Entity List ,
Export Administration Regulations (EAR) ,
Foreign Relations ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Russia ,
Ukraine
The United States, along with the European Union, the United Kingdom, and other allies, has announced a new round of significantly tougher sanctions and export controls in response to the expanding Russian military invasion...more
2/25/2022
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Embargo ,
Entity List ,
EU ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Policy ,
General Licenses ,
Military End Use ,
NATO ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Sovereign Debt