Christian Davis on Economic Sanctions

Treasury Issues Proposed Regulations Prohibiting Certain US Investment in Chinese Technology Companies

The Notice of Proposed Rulemaking (NPRM or the Proposed Rule), issued by Treasury on June 21, 2024, would implement President Biden’s August 9, 2023, Executive Order on outbound investment, which addresses concerns related to...more

7/2/2024 / Advanced Notice of Proposed Rulemaking (ANPRM) , Artificial Intelligence , China , Debt Financing , Economic Sanctions , Export Controls , Investment , National Security , Notice of Proposed Rulemaking (NOPR) , Proposed Regulation , SDN List , Semiconductors , Technology Sector , U.S. Treasury

U.S. Government Imposes Expansive, Novel and Plurilateral Export Controls Against Russia and Belarus

Key Points - As part of highly coordinated U.S. government and allied and partner country responses to Russia’s further invasion of Ukraine, and Belarus’ enabling of it, BIS imposed on February 24, 2022, and March 2,...more

3/10/2022 / Belarus , Belarus Sanctions , Bureau of Industry and Security (BIS) , Economic Sanctions , Export Administration Regulations (EAR) , Export Controls , Military End Use , Office of Foreign Assets Control (OFAC) , Russia , Ukraine

U.S. Agencies Issue Business Advisory Warning of Xinjiang-Related Supply Chain Exposure and OFAC Imposes Blocking Sanctions on...

- On July 1, the Departments of Commerce, Homeland Security, State, and the Treasury issued a joint advisory on the “Risks and Considerations for Businesses with Supply Chain Exposure to Entities Engaged in Forced Labor and...more

7/10/2020 / China , Economic Sanctions , Enforcement Actions , Exports , Federal Contractors , Financial Institutions , Forced Labor , Human Rights , Imports , Office of Foreign Assets Control (OFAC) , Risk Mitigation , Supply Chain

Red Notice Newsletter - April 2020

ANTICORRUPTION DEVELOPMENTS - New Guilty Plea in College Admissions Scandal - On April 21, 2020, Jorge Salcedo, a former tennis coach at a prominent California university, entered into a plea agreement related to his...more

Red Notice Newsletter - February & March 2020

IN THIS ISSUE - • Anticorruption Developments • Export Control Sanctions and Customs Enforcement • Export Control and Sanctions Developments • Global Investigations Resources • Writing and Speaking...more

Red Notice Newsletter - January 2020

IN THIS ISSUE • Anticorruption Developments • Export Control Sanctions and Customs Enforcement • Export Control and Sanctions Developments • Global Investigations Resources • Writing and Speaking...more

2/26/2020 / Anti-Corruption , Bureau of Industry and Security (BIS) , CFIUS , Civil Monetary Penalty , Criminal Conspiracy , Criminal Convictions , Customs and Border Protection , Department of Homeland Security (DHS) , Department of Justice (DOJ) , Directorate of Defense Trade Controls (DDTC) , Due Process , Economic Sanctions , Enforcement Actions , Executive Orders , Export Control Reform Act (ECRA) , Export Controls , Exports , Fifth Amendment , Forced Labor , Foreign Corrupt Practices Act (FCPA) , Foreign Nationals , Guilty Pleas , Imports , Indictments , ITAR , Money Laundering , Office of Foreign Assets Control (OFAC) , Red Notices , Sanction Violations , Sanctions , SDN List , Securities and Exchange Commission (SEC) , Smuggling , Trump Administration , U.S. Treasury , Whistleblowers

Red Notice Newsletter - December 2019

IN THIS ISSUE • Anticorruption Developments • Export Control Sanctions and Customs Enforcement • Export Control and Sanctions Developments • Global Investigations Resources • Writing and Speaking Engagements...more

2/26/2020 / Anti-Corruption , College Admissions , Compliance , Cooperation , Corporate Executives , Corruption , Criminal Conspiracy , Criminal Investigations , Criminal Prosecution , Cuban Assets Control Regulations (CACR) , Customs and Border Protection , Department of Justice (DOJ) , Departments of Commerce , Directorate of Defense Trade Controls (DDTC) , Economic Sanctions , Encryption , Enforcement Actions , Export Administration Regulations (EAR) , Export Controls , Exports , Foreign Corrupt Practices Act (FCPA) , Foreign Narcotics Kingpin Sanctions Regulations (FNKSR) , General Licenses , Global Dealmaking , Huawei , Indictments , Iran Sanctions , ITAR , Money Laundering , Office of Foreign Assets Control (OFAC) , Proposed Rules , Red Notices , Sanction Violations , SDN List , Securities and Exchange Commission (SEC) , Securities Violations , Self-Disclosure Requirements , Supply Chain , USTR

Red Notice Newsletter - August 2019

ANTICORRUPTION DEVELOPMENTS - Telecommunications Company Fined $12 Million for FCPA Violations - On August 29, 2019, The Securities and Exchange Commission (SEC) instituted ceaseand-desist proceedings against...more

9/9/2019 / Anti-Corruption , Appeals , Bribery , Criminal Conspiracy , Criminal Prosecution , Department of Defense (DOD) , Department of Justice (DOJ) , Economic Sanctions , Enforcement Actions , Entity List , Executive Orders , Export Controls , Exports , False Statements , Fines , Foreign Corrupt Practices Act (FCPA) , Foreign Narcotics Kingpin Designation Act , General Licenses , Guilty Pleas , Huawei , Indictments , Internal Investigations , International Emergency Economic Powers Act (IEEPA) , ITSR , Manufacturers , Medical Devices , Money Laundering , New Guidance , Office of Foreign Assets Control (OFAC) , Plea Agreements , Settlement , SFO , Smuggling , Suspensions & Debarments , Tariffs , Tax Evasion , Technology Sector , Telecommunications , Trump Administration , World Bank

Recent U.S. Sanctions Designations Create Additional Risks for Companies Doing Business with Venezuela

• OFAC recently added a Moscow-based Russian-Venezuelan joint venture bank, Evrofinance Mosnarbank (“Evrofinance”), to the List of Specially Designated Nationals and Blocked Persons (the “SDN List”) for engaging in sanctions...more

3/29/2019 / Banking Sector , Blocked Person , Economic Sanctions , Financial Institutions , Foreign Policy , General Licenses , Joint Venture , National Security , Office of Foreign Assets Control (OFAC) , Oil & Gas , Russia , SDN List , Trump Administration , Venezuela

Red Notice Newsletter - February 2019

ANTICORRUPTION DEVELOPMENTS - DOJ Unseals Indictment of Two More Individuals Connected With PDVSA Corruption Scheme - On February 26, 2019, the U.S. Department of Justice (DOJ) announced the unsealing of an indictment...more

OFAC Sanctions Venezuelan State-Owned Energy Company PdVSA, Releases New General Licenses and FAQs for Venezuela Sanctions Regime

• On January 28, 2019, OFAC added the Venezuelan state-owned oil and natural gas company PdVSA to its SDN List. • As a result, U.S. persons are generally prohibited from engaging in transactions with PdVSA and entities that...more

2/6/2019 / Blocked Person , Bonds , Capital Markets , Debt-Equity , Economic Sanctions , Energy Sector , Executive Orders , General Licenses , Office of Foreign Assets Control (OFAC) , Oil & Gas , SDN List , Securities Transactions , State-Owned Enterprises , Trump Administration , Venezuela

Red Notice Newsletter - Spanish

ANTICORRUPTION DEVELOPMENTS - DOJ Files Superseding Indictment in Haitian Port Corruption Plot - On October 30, 2018, the U.S. Department of Justice (DOJ) filed a superseding indictment in the District of Massachusetts...more

11/20/2018 / Adidas , Anti-Corruption , Banking Sector , Bribery , Bureau of Industry and Security (BIS) , CFIUS , College Athletes , Commerce Control List , Corporate Monitoring , Criminal Conspiracy , Criminal Convictions , Criminal Prosecution , Customs and Border Protection , Cybersecurity , Department of Justice (DOJ) , Economic Sanctions , Enforcement Actions , Entity List , Export Administration Regulations (EAR) , Export Controls , Exports , Federal Pilot Programs , Financial Institutions , FinCEN , FIRRMA , Foreign Corrupt Practices Act (FCPA) , Foreign Policy , Former Employee , General Licenses , Indictments , Interim Final Rules (IFR) , Internal Controls , ITAR , JPMorgan Chase , Jurisdiction , Medical Devices , Money Laundering , National Security , NCAA , New Guidance , Office of Foreign Assets Control (OFAC) , Reporting Requirements , Sanctions , Securities and Exchange Commission (SEC) , Settlement , SFO , Shipping , Technology Sector , U.S. Commerce Department , U.S. Treasury , United States-Mexico-Canada Agreement (USMCA) , US State Departments , USML , Whistleblower Awards , Whistleblowers , Wire Fraud , World Bank

Red Notice Newsletter - Russian

ANTICORRUPTION DEVELOPMENTS - DOJ Files Superseding Indictment in Haitian Port Corruption Plot - On October 30, 2018, the U.S. Department of Justice (DOJ) filed a superseding indictment in the District of Massachusetts...more

11/20/2018 / Adidas , Anti-Corruption , Banking Sector , Bribery , Bureau of Industry and Security (BIS) , CFIUS , College Athletes , Commerce Control List , Corporate Monitoring , Criminal Conspiracy , Criminal Convictions , Criminal Prosecution , Customs and Border Protection , Cybersecurity , Department of Justice (DOJ) , Economic Sanctions , Enforcement Actions , Entity List , Export Administration Regulations (EAR) , Export Controls , Exports , Federal Pilot Programs , Financial Institutions , FinCEN , FIRRMA , Foreign Corrupt Practices Act (FCPA) , Foreign Policy , Former Employee , General Licenses , Indictments , Interim Final Rules (IFR) , Internal Controls , ITAR , JPMorgan Chase , Jurisdiction , Medical Devices , Money Laundering , National Security , NCAA , New Guidance , Office of Foreign Assets Control (OFAC) , Reporting Requirements , Sanctions , Securities and Exchange Commission (SEC) , Settlement , SFO , Shipping , Technology Sector , U.S. Commerce Department , U.S. Treasury , United States-Mexico-Canada Agreement (USMCA) , US State Departments , USML , Whistleblower Awards , Whistleblowers , Wire Fraud , World Bank

Red Notice Newsletter - Chinese

ANTICORRUPTION DEVELOPMENTS - DOJ Files Superseding Indictment in Haitian Port Corruption Plot - On October 30, 2018, the U.S. Department of Justice (DOJ) filed a superseding indictment in the District of Massachusetts...more

11/20/2018 / Adidas , Anti-Corruption , Banking Sector , Bribery , Bureau of Industry and Security (BIS) , CFIUS , College Athletes , Commerce Control List , Corporate Monitoring , Criminal Conspiracy , Criminal Convictions , Criminal Prosecution , Customs and Border Protection , Cybersecurity , Department of Justice (DOJ) , Economic Sanctions , Enforcement Actions , Entity List , Export Administration Regulations (EAR) , Export Controls , Exports , Federal Pilot Programs , Financial Institutions , FinCEN , FIRRMA , Foreign Corrupt Practices Act (FCPA) , Foreign Policy , Former Employee , General Licenses , Indictments , Interim Final Rules (IFR) , Internal Controls , ITAR , JPMorgan Chase , Jurisdiction , Medical Devices , Money Laundering , National Security , NCAA , New Guidance , Office of Foreign Assets Control (OFAC) , Reporting Requirements , Sanctions , Securities and Exchange Commission (SEC) , Settlement , SFO , Shipping , Technology Sector , U.S. Commerce Department , U.S. Treasury , United States-Mexico-Canada Agreement (USMCA) , US State Departments , USML , Whistleblower Awards , Whistleblowers , Wire Fraud , World Bank

Red Notice Newsletter - October 2018

ANTICORRUPTION DEVELOPMENTS - DOJ Files Superseding Indictment in Haitian Port Corruption Plot - On October 30, 2018, the U.S. Department of Justice (DOJ) filed a superseding indictment in the District of Massachusetts...more

11/5/2018 / Adidas , Anti-Corruption , Banking Sector , Bribery , Bureau of Industry and Security (BIS) , CFIUS , College Athletes , Commerce Control List , Corporate Monitoring , Criminal Conspiracy , Criminal Convictions , Criminal Prosecution , Customs and Border Protection , Cybersecurity , Department of Justice (DOJ) , Economic Sanctions , Enforcement Actions , Entity List , Export Administration Regulations (EAR) , Export Controls , Exports , Federal Pilot Programs , Financial Institutions , FinCEN , FIRRMA , Foreign Corrupt Practices Act (FCPA) , Foreign Policy , Former Employee , General Licenses , Indictments , Interim Final Rules (IFR) , Internal Controls , ITAR , JPMorgan Chase , Jurisdiction , Medical Devices , Money Laundering , National Security , NCAA , New Guidance , Office of Foreign Assets Control (OFAC) , Reporting Requirements , Sanctions , Securities and Exchange Commission (SEC) , Settlement , SFO , Shipping , Technology Sector , U.S. Commerce Department , U.S. Treasury , United States-Mexico-Canada Agreement (USMCA) , US State Departments , USML , Whistleblower Awards , Whistleblowers , Wire Fraud , World Bank

Red Notice Newsletter - September 2018

ANTICORRUPTION DEVELOPMENTS - Petrobras Settles with U.S. Authorities Over Alleged FCPA Violations - On September 27, 2018, the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC)...more

10/2/2018 / Anti-Corruption , Arms Export Control Act , Books & Records , Bureau of Industry and Security (BIS) , CAATSA , CEOs , Civil Monetary Penalty , Comment Period , Consent Order , Corporate Fines , Country of Origin , Criminal Conspiracy , Criminal Prosecution , Customs , Defense Contracts , Department of Defense (DOD) , Department of Justice (DOJ) , Economic Sanctions , Emerging Growth Companies , Energy Sector , Enforcement Actions , Executive Orders , Export Administration Regulations (EAR) , Export Control Reform (ECR) , Export Controls , Exports , Federal Trade Commission (FTC) , Foreign Corrupt Practices Act (FCPA) , Foreign Interference in US Elections , General Licenses , Guilty Pleas , Indictments , Investigations , ITSR , List of Specified Persons (LSP) , Manufacturers , Mining , Money Laundering , National Security , NDAA , Office of Foreign Assets Control (OFAC) , Oil & Gas , Pharmaceutical Industry , Public Comment , Real Estate Brokers , Recordkeeping Requirements , Remand , Reporting Requirements , Retailers , Securities and Exchange Commission (SEC) , Settlement Agreements , SFO , Testimony , Trump Administration , Voluntary Disclosure , Whistleblower Awards , Whistleblowers , Wire Fraud

Red Notice Newsletter - August 2018

ANTICORRUPTION DEVELOPMENTS - $34 Million SEC Settlement for Legg Mason - On August 27, 2018, the Securities and Exchange Commission (SEC) announced that Legg Mason Inc. will pay more than $34 million to settle an...more

9/6/2018 / 3-D Technology , Anti-Corruption , Appeals , Berry Amendment , Bribery , Bureau of Industry and Security (BIS) , CFIUS , Civil Monetary Penalty , Corruption , Criminal Conspiracy , Criminal Penalties , Criminal Prosecution , Critical Infrastructure Sectors , Customs and Border Protection , Declination , Department of Defense (DOD) , Department of Justice (DOJ) , Economic Sanctions , Embezzlement , Enforcement Actions , Entity List , Executive Orders , Export Administration Regulations (EAR) , Export Controls , Exports , Filing Requirements , FIRRMA , Foreign Corrupt Practices Act (FCPA) , Foreign Investment , Foreign Policy , Former Employee , General Licenses , Guilty Pleas , Immigration and Customs Enforcement (ICE) , Imports , Insurance Contracts , Internal Investigations , Iran Sanctions , Joint Comprehensive Plan of Action (JCPOA) , Jurisdiction , Licensing Rules , Money Laundering , National Security , NDAA , New Legislation , Office of Foreign Assets Control (OFAC) , Personal Data , Preliminary Injunctions , Probationary Period , Racketeering , Sanction Violations , Sanctions , Securities and Exchange Commission (SEC) , Settlement Agreements , SFO , Suspensions & Debarments , The Wassenaar Arrangement , Trade Agreements Act , Trump Administration , Wire Fraud , World Bank

Red Notice Newsletter - July 2018

ANTICORRUPTION DEVELOPMENTS - DOJ Extends FCPA Corporate Enforcement Policy to Misconduct in Mergers and Acquisitions - On July 25, 2018, in a speech to the Ninth Global Forum on Anti-Corruption Compliance in High Risk...more

8/1/2018 / Acquisitions , Anti-Corruption , Arrest , Bribery , Cooperation , Corporate Fines , Corporate Misconduct , Credit Suisse , Criminal Conspiracy , Criminal Convictions , Criminal Penalties , Customs , Customs and Border Protection , Customs Valuation , Department of Justice (DOJ) , Duty Free , Economic Sanctions , Enforcement Actions , EU , Export Administration Regulations (EAR) , Export Controls , Exports , False Claims Act (FCA) , FBI , Forced Labor , Foreign Corrupt Practices Act (FCPA) , Freight Forwarding , General Licenses , Guilty Pleas , Hiring & Firing , Imports , International Emergency Economic Powers Act (IEEPA) , Iran Sanctions , Mergers , Money Laundering , Non-Prosecution Agreements , North Korea , Office of Foreign Assets Control (OFAC) , Oil & Gas , Prejudgment Interest , Price-Fixing , Securities and Exchange Commission (SEC) , Settlement Agreements , Subpoenas , Supply Chain , Suspensions & Debarments , Termination , U.S. Commerce Department , Unfair or Deceptive Trade Practices , Venezuela , Waivers , Wire Fraud , World Bank , ZTE