Jiazhen Guo

Jiazhen Guo

Morgan Lewis

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Commerce Issues First-Ever Ban on Information and Communications Technology and Services Transactions Under EO 13873

The Department of Commerce’s Bureau of Industry and Security (BIS) published a 13-page Final Determination on June 24, 2024 concerning cybersecurity and antivirus software supplied by a US subsidiary of a Russia-based...more

6/27/2024  /  Bureau of Industry and Security (BIS) , Department of Justice (DOJ) , Economic Sanctions , Export Controls , Exports , International Emergency Economic Powers Act (IEEPA) , Office of Foreign Assets Control (OFAC)

US Further Tightens Grip with New Export Control Restrictions, Sanctions on Russia and Belarus

The US government recently announced additional significant export controls and sanctions related to Russia and Belarus, including new export restrictions on EAR99 software, certain consumer communication devices, and...more

6/25/2024  /  Bureau of Industry and Security (BIS) , Export Administration Regulations (EAR) , Export Controls , Exports , Office of Foreign Assets Control (OFAC)

Conducting Effective Sanctions and Anti-Money Laundering Diligence on Non-Latin-Based Entities

With the ever-increasing use of sanctions as a foreign policy tool (or weapon), sanctions compliance has taken on greater importance than ever. Moreover, as countries increase extraterritorial applications of their sanctions,...more

1/23/2023  /  Anti-Money Laundering , Compliance , Due Diligence , Know Your Customers , Office of Foreign Assets Control (OFAC) , Policies and Procedures , Screening Procedures , SDN List

Sweeping US Export Controls on Semiconductor, Supercomputer Manufacturing in China Raise Compliance Questions

The US Department of Commerce’s Bureau of Industry and Security (BIS) released an interim final rule (IFR) on October 7, 2022, imposing additional export controls on certain advanced computing and semiconductor manufacturing...more

10/19/2022  /  Bureau of Industry and Security (BIS) , Export Administration Regulations (EAR) , Export Controls , Foreign Policy , Interim Final Rules (IFR) , Office of Foreign Assets Control (OFAC) , Semiconductors , Technology Sector , U.S. Commerce Department

Update: US Sanctions on Russia Have Extraterritorial Implications

In connection with recent Russia-related sanctions issued by the US government, organizations face a variety of issues when navigating the questions of who and what transactions may be subject to the reach of these sanctions....more

3/4/2022  /  Countermeasures , Economic Sanctions , Export Controls , Financial Institutions , International Emergency Economic Powers Act (IEEPA) , National Security , Office of Foreign Assets Control (OFAC) , Russia , Ukraine

Update on EO 13959 Prohibiting Transactions in Securities of Chinese Military Companies

President Trump’s Executive Order Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (EO 13959) prohibits transactions by or on behalf of US persons in publicly traded...more

2/1/2021  /  China , Defense Sector , Foreign Policy , Foreign Relations , National Security , Office of Foreign Assets Control (OFAC) , Prohibited Transactions , Publicly-Traded Companies , Securities Transactions , Supply Chain
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