
Ian Cohen
Associate Editor at Export Compliance Daily
Experienced CxO, NED & Digital Advisor. Musician, father & husband. Chelsea fan since 67. Blogger, coach & evangelist on the power of technology to transform
Articles
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1 week ago |
exportcompliancedaily.com | Ian Cohen
As part of a plea agreement, Unicat Catalyst Technologies agreed to pay more than $3.3 million to DOJ, $3.8 million to the Office of Foreign Assets Control, and $391,183 to the Bureau of Industry and Security for illegal sales and bids involving Iran, Venezuela, Syria and Cuba. The company also was fined $1.6 million by CBP for tariff evasion.
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1 week ago |
exportcompliancedaily.com | Ian Cohen
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations. The firms were added June 10 to Taiwan’s Entity List, the “list of entities managed for export of strategic high-tech goods,” Taiwan’s International Trade Administration said this week, according to an unofficial translation.
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1 week ago |
exportcompliancedaily.com | Ian Cohen
“This is a very temporary measure,” David Tannenbaum, director of Blackstone Compliance Services, said during a June 16 webinar hosted by Holland & Knight. “We're very much still in this wait-and-see period.”The Treasury Department in May lifted certain financial sanctions against the country (see 2505230073), and a Bureau of Industry and Security official said the agency is drafting a rule that could remove certain Syria-related export controls (see 2506100052).
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1 week ago |
exportcompliancedaily.com | Ian Cohen
The report, published by the Center for a New American Security, said BIS should work with semiconductor companies to put in place “extra steps” when carrying out due diligence on sensitive chip exports.
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2 weeks ago |
exportcompliancedaily.com | Ian Cohen
The penalty is the maximum civil fine the agency could have imposed, and it’s the largest civil fine by OFAC since it fined virtual currency exchange Binance over $968 million in 2023 (see 2311210076). “This enforcement action underscores the importance of gatekeepers in preventing sanctions evasion and highlights the risks of facilitating such efforts,” OFAC said.
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