On June 27, 2022, the Biden Administration announced a new round of economic measures it is imposing in response to Russia’s invasion of Ukraine. The White House made the announcement in concert with the G7 leaders’ meeting...more
6/29/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Embargo ,
Executive Orders ,
Export Controls ,
FinCEN ,
Gold ,
Office of Foreign Assets Control (OFAC) ,
Presidential Proclamations ,
Russia ,
SDN List ,
Tariffs ,
Trade Relations ,
Ukraine
On May 8 and 9, 2022, the Biden Administration imposed new Russia-related sanctions and export restrictions, including a prohibition on the provision of certain professional services to any person located in Russia, sanctions...more
5/11/2022
/ Banking Sector ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Industrial Sector ,
Media ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Television Broadcast Stations ,
U.S. Commerce Department ,
Ukraine
Over the last week, the Biden Administration announced new sanctions and export controls on Russia and “the Putin regime for its atrocities in Ukraine, including in Bucha.” These actions include full blocking sanctions on two...more
On March 31, 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on 21 entities and 13 individuals “as part of its crackdown on the Kremlin’s sanctions evasion networks and...more
4/6/2022
/ Bureau of Industry and Security (BIS) ,
Entity List ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanctions ,
SDN List ,
Software ,
Technology Sector ,
U.S. Commerce Department ,
U.S. Treasury
On March 11, 2022, the Biden administration, along with leaders of the Group of Seven (G7), announced a new round of sanctions on Russia following its invasion of Ukraine, which include restrictions on exports of luxury goods...more
On March 2, 2022, Attorney General Merrick B. Garland announced the launch of a new interagency task force, the KleptoCapture Task Force, focused on enforcing the recent U.S. financial sanctions and other economic...more
3/8/2022
/ Anti-Money Laundering ,
Cryptocurrency ,
Department of Homeland Security (DHS) ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Export Controls ,
FBI ,
Financial Institutions ,
FinCEN ,
IRS ,
National Security ,
NATO ,
Russia
UPDATE-
The Department of Commerce’s Bureau of Industry and Security (BIS) released new export restrictions on Belarus that largely mimic those applicable to Russia, including broad licensing requirements and the addition...more
3/4/2022
/ Blocking Sanctions ,
Bureau of Industry and Security (BIS) ,
CAPTA List ,
Commerce Control List ,
ECCNs ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Direct Product Rule ,
General Licenses ,
Joe Biden ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
U.S. Treasury ,
Ukraine
*This alert was originally published on February 25, 2022 and updated on March 4, 2022.
On February 24, 2022, the Biden Administration issued another expansive round of sanctions measures and export controls related to...more
2/28/2022
/ Bureau of Industry and Security (BIS) ,
Commerce Control List ,
ECCNs ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Direct Product Rule ,
General Licenses ,
Joe Biden ,
Military End Use ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
On February 22 and 23, 2022, the Biden Administration announced additional sanctions on Russia. The first group of sanctions was announced on February 22, following Russia’s recognition of the so-called Donetsk and Luhansk...more
On February 16, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued “abbreviated” regulations to implement President Biden’s 2021 Executive Order (EO) barring certain investments in...more
On February 21, 2022, President Joe Biden issued an Executive Order (EO) in response to Russian President Vladimir Putin’s ongoing “efforts to undermine the sovereignty and territorial integrity of Ukraine.” Referencing a...more
2/23/2022
/ Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Executive Orders ,
Foreign Policy ,
General Licenses ,
Joe Biden ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanctions ,
SDN List ,
Ukraine
On January 20, 2022, the U.S. Department of the Treasury’s (Treasury) Office of Foreign Assets Control (OFAC) sanctioned four individuals who are acting at the direction of the Russian Federal Security Service (FSB) to...more
Last week, the U.S. Government imposed tough restrictions on U.S. transactions with specific companies in the People’s Republic of China (PRC) that are involved in activities contrary to U.S. foreign policy and national...more
12/21/2021
/ Bureau of Industry and Security (BIS) ,
Child Labor ,
China ,
Entity List ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Forced Labor ,
Joe Biden ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
PRC ,
Securities Exchange Act ,
Surveillance ,
U.S. Commerce Department ,
U.S. Treasury
On December 9, 2021, the Departments of Commerce and State issued rules restricting a range of exports to Cambodia citing, “significant evidence of corruption, human rights abuses, and an exclusive agreement with the People’s...more
12/14/2021
/ Arms Embargo ,
Bureau of Industry and Security (BIS) ,
Cambodia ,
China ,
Corruption ,
Directorate of Defense Trade Controls (DDTC) ,
End-Users ,
Export Administration Regulations (EAR) ,
Exports ,
Human Rights ,
ITAR ,
National Security ,
U.S. Commerce Department
On November 30, 2021, the Department of Commerce’s Bureau of Industry and Security (BIS) published a notice of inquiry and request for comments on how U.S. and European Union dual-use export controls and practices may be...more
On October 21, 2021, the Department of Commerce’s Bureau of Industry and Security (BIS) published a long-awaited interim final rule that establishes controls on certain cybersecurity items designed to curtail exports of...more
10/25/2021
/ Bureau of Industry and Security (BIS) ,
Cross-Border ,
Cyber Threats ,
Cybersecurity ,
Data Protection ,
Data Security ,
Export Administration Regulations (EAR) ,
Export Controls ,
Intrusion Software ,
Multinationals ,
Popular ,
U.S. Commerce Department
Please join us in a discussion on the importance of M&A due diligence, where we will cover:
- Cybersecurity and ransomware;
- Corporate M&A activity;
- Bureau of Industry and Security (BIS), export controls, and...more
10/19/2021
/ Acquisitions ,
Bureau of Industry and Security (BIS) ,
CFIUS ,
Continuing Legal Education ,
Cybersecurity ,
Due Diligence ,
Export Controls ,
FOCI ,
Foreign Investment ,
Foreign Ownership ,
Mergers ,
National Security ,
Ransomware ,
Webinars
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) administers economic sanctions on several countries as well as restrictions targeting terrorists, narcotics traffickers, cyber criminals, and other...more
8/19/2021
/ Best Practices ,
Biden Administration ,
CFIUS ,
Compliance ,
Continuing Legal Education ,
Economic Sanctions ,
Foreign Investment ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Risk Mitigation ,
Telecommunications ,
Webinars
On April 15, 2021, the Biden Administration took a number of steps to sanction Russia for its role in cyberattacks, election interference, and other malign activities the U.S. government attributed to Moscow. These actions...more
On April 8, 2021, the U.S. Department of the Treasury (Treasury), which administers an antiboycott law and associated guidelines in response to the Arab League’s boycott of Israel, published an updated list of boycotting...more
On March 29, 2021, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a final rule implementing certain changes in the Export Administration Regulations (EAR) agreed upon in December 2019 by governments...more
On March 22, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions on two officials from the government of the People’s Republic of China (PRC) in connection with human...more
*This alert was originally published on March 3, 2021 and updated on March 18, 2021. UPDATE: On March 18, 2021, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) expanded export restrictions on Russia...more
In a rule that takes effect on March 16, 2021, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has determined to impose additional export licensing requirements in connection with military-intelligence...more
On March 2, 2021, the U.S. government announced a number of new measures targeting Russia following the poisoning and jailing of Russian opposition leader Alexey Navalny. The U.S. Departments of Treasury, Commerce, and State...more