The Obama administration recently announced the most significant changes in years to U.S. sanctions against Cuba, allowing expanded travel, trade, and exchange in targeted areas....more
1/30/2015
/ Amended Regulation ,
Banking Sector ,
Barack Obama ,
Bureau of Industry and Security (BIS) ,
Cuba ,
Cuban Assets Control Regulations (CACR) ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Relations ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Sanctions ,
Telecommunications ,
Trade Relations ,
Travel Permits
The Bureau of Industry and Security (BIS) recently issued a $750,000 fine against an Intel subsidiary for the unlawful exportation of software products that enable encryption. This is a sharp departure from BIS’s historical...more
The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued new guidance regarding the status of entities that are 50% or more owned by persons or entities whose property and interests in property are...more
The Office of Foreign Assets Control (“OFAC”), of the U.S. Department of the Treasury, has created a new list – the Foreign Sanctions Evaders List (“FSE List”) – that U.S. companies and others should consult when engaging in...more
The Committee on Foreign Investment in the United States reviews in-bound foreign investments for national security concerns. Increasingly, CFIUS is reviewing closed transactions, applying an expanding concept of the...more