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2 months ago | 
arnoldporter.com | John Barker |Charles Blanchard |Ronald Lee |Soo-Mi Rhee
On January 15 and 16, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published two interim final rules (IFR) aimed at reducing the risk that countries of concern obtain the most advanced artificial intelligence (AI) models and advanced computing items. The first IFR is known as the Framework for AI Diffusion and may be referred to as the Diffusion rule. The second IFR may be referred to as the Presumption rule.
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Dec 11, 2024 | 
arnoldporter.com | Soo-Mi Rhee |Kevin Toomey |Junghyun Baek |Trevor G. Schmitt
On November 26, 2024, the U.S. Court of Appeals for the Fifth Circuit held in Van Loon v. Department of the Treasury that the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) exceeded its statutory authority by designating Tornado Cash — a decentralized, open source software protocol that facilitates anonymous cryptocurrency transactions — on its Specially Designated Nationals and Blocked Persons List (SDN List).
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Nov 12, 2024 | 
mondaq.com | Kerry Walsh |Marcus A. Asner |Soo-Mi Rhee |Tal R. Machnes
On October 30, 2024, the U.S. Department of the Treasury, Office
of Foreign Assets Control (OFAC) announced new sanctions against 275 individuals
and entities, including sanctions against individuals involved in
"sprawling sanctions evasion networks." The wide-ranging
designations span 17 jurisdictions, including India, China,
Switzerland, Thailand, and Turkey.
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Nov 7, 2024 | 
arnoldporter.com | Kerry Walsh |Marcus A. Asner |Soo-Mi Rhee |Tal R. Machnes
On October 30, 2024, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) announced new sanctions against 275 individuals and entities, including sanctions against individuals involved in “sprawling sanctions evasion networks.” The wide-ranging designations span 17 jurisdictions, including India, China, Switzerland, Thailand, and Turkey.
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Jul 17, 2024 | 
mondaq.com | Junghyun Baek |Trevor G. Schmitt |John Barker |Soo-Mi Rhee
AP
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Arnold & Porter is a firm of more than 1,000 lawyers, providing sophisticated litigation and transactional capabilities, renowned regulatory experience and market-leading multidisciplinary practices in the life sciences and financial services industries. Our global reach, experience and deep knowledge allow us to work across geographic, cultural, technological and ideological borders.
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May 28, 2024 | 
mondaq.com | Junghyun Baek |Trevor G. Schmitt |Soo-Mi Rhee |John Barker
On May 22, 2024, the National Security Division (NSD) of the
U.S. Department of Justice (DOJ) issued its first-ever
corporate declination under its Enforcement Policy for
Business Organizations (NSD Enforcement Policy) to
Sigma-Aldrich Inc. (doing business as MilliporeSigma). The
declination came after the company disclosed potential export
controls violations stemming from an employee's scheme to
export nearly US$14 million worth of controlled substances to
Chinese labs.
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May 2, 2024 | 
mondaq.com | Junghyun Baek |Trevor G. Schmitt |Marne Marotta |Soo-Mi Rhee
On April 24, 2024, President Biden signed into law H.R. 815,
which authorizes supplemental appropriations to several federal
agencies for assistance to Ukraine, Israel, and Taiwan, and
contains certain other provisions, including provisions that could
force a divestiture of social media platform TikTok (often reported
in the media as the TikTok bill).
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Mar 20, 2024 | 
arnoldporter.com | John Barker |Soo-Mi Rhee |Baruch Weiss |Tal R. Machnes
On March 6, 2024, the U.S. Departments of Commerce, Treasury, and Justice issued a Tri-Seal Compliance Note emphasizing non-U.S. persons’ obligations to comply with U.S. sanctions and export control laws, and the potential enforcement actions that may result from compliance failures.
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Feb 8, 2024 | 
mondaq.com | Junghyun Baek |Trevor G. Schmitt |John Barker |Soo-Mi Rhee
On January 29, the U.S. Department of Commerce, Bureau of
Industry and Security (BIS) imposed a civil penalty of $153,175 against
Wabtec Corporation for failing to report boycott requests that
originated from Pakistan, in violation of the antiboycott
provisions of the U.S. Export Administration Regulations (EAR). BIS
found that Wabtec failed to report 43 requests to support
restrictive trade practices imposed on Israel.
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Jan 31, 2024 | 
arnoldporter.com | Junghyun Baek |Trevor G. Schmitt |John Barker |Soo-Mi Rhee
On January 29, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) imposed a civil penalty of $153,175 against Wabtec Corporation for failing to report boycott requests that originated from Pakistan, in violation of the antiboycott provisions of the U.S. Export Administration Regulations (EAR). BIS found that Wabtec failed to report 43 requests to support restrictive trade practices imposed on Israel.
