Carrie Miller

Nov 25, 2024 | mondaq.com | Richard Matheny |Jacob Osborn |Jason Wilcox |Carrie Miller

On November 21, 2024, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) placed Gazprombank – Russia's largest remaining non-designated bank – and more than 50 other Russian banks on its Specially Designated Nationals and Blocked Persons (SDN) List. As a result, US persons are prohibited from directly or indirectly engaging in any transaction or dealing involving Gazprombank or the other newly designated banks, unless authorized by OFAC or exempt from US sanctions.

Nov 25, 2024 | jdsupra.com | Richard Matheny III |Carrie Miller |Jacob Osborn

On November 21, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) placed Gazprombank – Russia’s largest remaining non-designated bank – and more than 50 other Russian banks on its Specially Designated Nationals and Blocked Persons (SDN) List. As a result, US persons are prohibited from directly or indirectly engaging in any transaction or dealing involving Gazprombank or the other newly designated banks, unless authorized by OFAC or exempt from US sanctions.

Nov 12, 2024 | mondaq.com | Richard Matheny |Jacob Osborn |Justin Pierce |Carrie Miller

On October 28, 2024, the US Department of the Treasury issued final regulations governing certain outbound investments in the semiconductor, quantum computing, and artificial intelligence (AI) sectors of the People's Republic of China, along with Hong Kong and Macau (collectively referred to herein as China).

Nov 7, 2024 | jdsupra.com | Richard Matheny III |Carrie Miller |Jacob Osborn

On October 28, 2024, the US Department of the Treasury issued final regulations governing certain outbound investments in the semiconductor, quantum computing, and artificial intelligence (AI) sectors of the People’s Republic of China, along with Hong Kong and Macau (collectively referred to herein as China).

Feb 22, 2024 | mondaq.com | Richard Matheny |Jacob Osborn |Carrie Miller |Gozde Guckaya

The US Department of Commerce's Bureau of Industry and Security (BIS), which administers the Export Administration Regulations (EAR) and regulates most exports from the United States, announced further updates to the process by which persons can voluntarily disclose violations of the EAR and ask for BIS's determination not to impose a penalty.