On September 30, 2025, the Bureau of Industry and Security (“BIS”), U.S. Department of Commerce, announced an administrative settlement with Hallewell Ventures, Ltd. (“Hallewell”) and its beneficial owner, Russian businessman...more
10/9/2025
/ Beneficial Owner ,
Bureau of Industry and Security (BIS) ,
Civil Monetary Penalty ,
Economic Sanctions ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
International Trade ,
Penalties ,
Russia ,
U.S. Commerce Department ,
Unauthorized Transactions
On September 30, 2025, the Bureau of Industry and Security (“BIS”) issued an interim final rule (“IFR”) that significantly revises the scope of the Export Administration Regulations (“EAR”) by extending Entity List...more
On September 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the resolution of an enforcement action against ShapeShift AG (“ShapeShift”), a now defunct digital asset...more
The European Union has continued to refine its approach to sanctions compliance by publishing new guidance on the critical issues of “ownership” and “control” through its Sanctions Helpdesk platform. The guidance—released in...more
9/22/2025
/ Asset Freeze ,
Beneficial Owner ,
Due Diligence ,
Economic Sanctions ,
EU ,
European Commission ,
New Guidance ,
Regulatory Requirements ,
Risk Management ,
Risk-Based Approaches ,
Sanctions ,
Small and Medium-Sized Enterprises (SMEs)
In a final rule scheduled for publication in the Federal Register on September 2, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) formally implemented sweeping changes to the Export...more
9/11/2025
/ Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Control Reform Act (ECRA) ,
Export Controls ,
Final Rules ,
Foreign Policy ,
International Trade ,
Regulatory Reform ,
U.S. Commerce Department ,
US Trade Policies
On September 3, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a $1,610,775 settlement with Fracht FWO Inc. (“Fracht”), an international freight forwarder headquartered in...more
9/10/2025
/ Economic Sanctions ,
Enforcement Actions ,
Freight Forwarding ,
International Freight ,
International Trade ,
Iran ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Sanction Violations ,
Sanctions ,
SDN List ,
Settlement ,
Supply Chain ,
U.S. Treasury ,
Venezuela
The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced on July 15, 2025, that Interactive Brokers LLC (“IB”)—a globally active electronic brokerage firm headquartered in Greenwich,...more
7/23/2025
/ Broker-Dealer ,
Compliance ,
Economic Sanctions ,
Enforcement Actions ,
Financial Institutions ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Regulatory Requirements ,
Sanctions ,
Self-Disclosure Requirements
On June 27, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued a final order resolving administrative enforcement proceedings against Alpha and Omega Semiconductor Incorporated (“AOS”), a...more
7/15/2025
/ Bureau of Industry and Security (BIS) ,
China ,
Compliance ,
Corporate Counsel ,
Economic Sanctions ,
Enforcement Actions ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Failure To Disclose ,
Huawei ,
International Trade ,
Penalties ,
Semiconductors ,
Technology Sector ,
U.S. Commerce Department ,
Unauthorized Transactions
On July 2, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced that it had entered into a settlement agreement with Key Holding, LLC (“Key Holding”), a privately held logistics and...more
On May 23, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License No. 25 under the Syrian Sanctions Regulations, marking a measured but far-reaching reconfiguration of...more
6/3/2025
/ Economic Sanctions ,
Energy Sector ,
Export Administration Regulations (EAR) ,
Foreign Policy ,
International Trade ,
Investment ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Requirements ,
Syria ,
U.S. Treasury
On April 30, 2025, the U.S. Department of Justice’s National Security Division (“NSD”) issued a formal declination of prosecution to the Universities Space Research Association (“USRA”) following the organization’s timely and...more
5/8/2025
/ Bureau of Industry and Security (BIS) ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Embezzlement ,
Export Controls ,
Federal Contractors ,
Former Employee ,
Government Agencies ,
National Security ,
Universities ,
Voluntary Disclosure ,
White Collar Crimes
Recently, the Antitrust Division of the United States Department of Justice submitted a Statement of Interest in In re: Multiplan Health Insurance Provider Litigation, a class action presently pending before the United States...more
4/15/2025
/ Algorithms ,
Antitrust Division ,
Antitrust Litigation ,
Antitrust Violations ,
Artificial Intelligence ,
Competition ,
Department of Justice (DOJ) ,
Health Insurance ,
Machine Learning ,
Pricing ,
Technology Sector
The recent sentencing of Israeli freight forwarder Gal Haimovich to two years in federal prison for violations of U.S. export controls serves as a striking example of the aggressive enforcement posture adopted by U.S....more
Heightened federal scrutiny of unauthorized technology transfers to foreign entities has once again resulted in high-profile criminal convictions, as two senior executives of Quadrant Magnetics, a Kentucky-based manufacturer...more
This week, we bring you a replay of one of our most impactful podcasts from last year, featuring Alex Cotoia and Daniela Melendez. Listen in as we discuss the EU Whistleblower Directive of October 2019. We'll return next week...more
In one of the most significant enforcement actions involving the illicit export of aircraft components to Russia since the imposition of sweeping sanctions in response to the country’s invasion of Ukraine, the U.S. Department...more
In one of the first enforcement actions of 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued a final order against Haas Automation, Inc., a leading manufacturer of computer numerical...more
2/5/2025
/ Blocked Person ,
Bureau of Industry and Security (BIS) ,
China ,
Compliance ,
Economic Sanctions ,
Enforcement Actions ,
Entity List ,
Export Controls ,
Foreign Policy ,
Foreign Relations ,
Russia ,
Sanction Violations ,
SDN List ,
US Trade Policies
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) recently issued a Final Order against The Indium Corporation of America, citing eleven (11) alleged violations of the Export Administration Regulations...more
1/10/2025
/ Bureau of Industry and Security (BIS) ,
Compliance ,
Economic Sanctions ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Requirements ,
Russia ,
Sanction Violations ,
U.S. Commerce Department
In a significant development underscoring the U.S. government’s continued efforts to counter Russia’s destabilizing activities, the U.S. Department of the Treasury recently announced the designation of Gazprombank as a...more
1/7/2025
/ Banks ,
Cross-Border Transactions ,
Economic Sanctions ,
Financial Transactions ,
Foreign Financial Institutions (FFI) ,
Foreign Policy ,
Foreign Relations ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
U.S. Treasury
In one of the more notable enforcement actions of 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently imposed a $1,104,408 civil penalty on a U.S. person for 75 separate violations...more
12/5/2024
/ Economic Sanctions ,
Enforcement Actions ,
Financial Institutions ,
Fines ,
Foreign Policy ,
Foreign Relations ,
Iran ,
Iran Sanctions ,
ITSR ,
Money Services Business ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
SDN List
The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently settled with American Life Insurance Company (“ALICO”), a Delaware-based subsidiary of MetLife, Inc., for $178,421, addressing apparent...more
12/4/2024
/ Compliance ,
Corruption ,
Economic Sanctions ,
Enforcement Actions ,
Foreign Policy ,
Health Insurance ,
Iran ,
Iran Sanctions ,
ITSR ,
Life Insurance ,
MetLife ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Politically Exposed Person (PEPs) ,
Sanction Violations ,
U.S. Treasury ,
United Arab Emirates (UAE) ,
White Collar Crimes
On November 1, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) imposed a $500,000 monetary penalty on GlobalFoundries U.S. 2 LLC and its parent, GlobalFoundries U.S. Inc., for a series of...more
11/6/2024
/ Bureau of Industry and Security (BIS) ,
Civil Monetary Penalty ,
Enforcement Actions ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Manufacturers ,
Popular ,
Semiconductors ,
Statutory Violations
In a significant enforcement action, the U.S. Department of State’s Directorate of Defense Trade Controls (“DDTC”) has charged Oregon-based Precision Castparts Corp. (“PCC”) with multiple violations of the Arms Export Control...more
10/24/2024
/ Aerospace ,
Arms Export Control Act ,
Civil Monetary Penalty ,
Data-Sharing ,
Defense Sector ,
Department of Defense (DOD) ,
Directorate of Defense Trade Controls (DDTC) ,
Enforcement Actions ,
Export Controls ,
Exports ,
ITAR ,
National Security ,
Statutory Violations ,
US Munitions List
On October 9, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued critical guidance aimed at enhancing financial institutions’ compliance with the Export Administration Regulations (“EAR”)....more
In late August 2024, the UK’s Office of Financial Sanctions Implementation (“OFSI”), a department within HM Treasury, imposed a monetary penalty of £15,000 on Integral Concierge Services Limited (“ICSL”)—a UK-based property...more
10/11/2024
/ Civil Monetary Penalty ,
Compliance ,
Economic Sanctions ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
Office of Financial Sanctions Implementation (OFSI) ,
Property Management Companies ,
Russia ,
Sanction Violations ,
UK ,
Ukraine