Export Compliance Daily

1 week ago | exportcompliancedaily.com | Ian Cohen

BIS officials appointed by President Donald Trump have so far excluded career officials from most detailed policy discussions, two employees said, including talks about the agency’s ongoing review of export license applications. And companies and industry officials said they’re concerned Kessler is sowing distrust against the industry representatives whose advice BIS has typically used to avoid unintended consequences on American exporters.

1 week ago | exportcompliancedaily.com | Ian Cohen

Ansgar Baums, a senior adviser with Berlin-based consultancy Sinolytics and a non-residential senior fellow at the Stimson Center, said those export controls appear to have support in Washington.

1 week ago | exportcompliancedaily.com | Marc Selinger

Hurley made his comment before the Senate Banking Committee in response to Sen. Jim Banks, R-Ind., who said China "has built too many companies using stolen American technology" and should face stricter sanctions and increased sanctions enforcement. Hurley said he also wants to reduce the “leakiness” that he believes has undermined U.S. sanctions for years. “It’s not so much the specific sanctions” that are imposed, he testified.

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.

1 week ago | exportcompliancedaily.com | Ian Cohen

OFSI said property management professionals are a key enabler of Russian sanctions evasion because they help Russians hide their sanctioned assets in homes or other property, which is often owned by family members. It also said just over 1% of all “suspected breach reports” submitted to OFSI since Russia’s invasion of Ukraine in February 2022 were reported by property service firms, even though 7% of all suspected breaches reported by other firms involved a property company.