The Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, suspended Russia from its ranks, citing the Russian Federation’s "actions unacceptably run counter to the FATF core principles aiming to promote security, safety, and the integrity of the global financial system.” The FATF also issued long-awaited guidance for members to implement its Recommendation 24, requiring countries to ensure that competent authorities have access to adequate, accurate and up-to-date information on the true owners of companies.
The Office of the Director of National Intelligence released the 2023 Annual Threat Assessment of the U.S. Intelligence Community. The report highlights the vulnerabilities of supply chains and cyber infrastructure to adversaries, as well as some under appreciated environmental, demographic and domestic political threats.
Our friends at Sandler Travis & Rosenberg report CBP is now detaining PVC products such as vinyl flooring under the UFLPA and asking importers to trace these items back to their originating chemicals such as chlorine, carbon, and ethylene.
While the UFLPA specifies tomatoes, cotton and polysilicon as high‑priority sectors for UFLPA enforcement, according to detention notices CBP issues with regard to potentially violative goods, PVC has been added as a sector of concern after aluminum was added in October 2022.
Assistant Secretary for Export Enforcement Matthew S. Axelrod reviewed his team's initiatives in the Research Community in a March 8th speech to the Academic Security and Counter Exploitation Program’s Seventh Annual Seminar.
The Securities and Exchange Commission announced charges against and a settlement with global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a …
The Administration – for the seventh time – invoked the US-Mexico-Canada Agreement’s rapid response labor mechanism, this time over whether workers at an American facility …
The first hearing held by the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party capped a day of activity by House lawmakers focused on China, including approval of a raft of China-focused bills by the Financial Services and Foreign Affairs Committees.
The Washington Tariff and Trade Letter introduces a web-based format for easier review, research and sharing. Clicking on a story in the newsletter will now bring you to the full text on our new web site. A .pdf version of the newsletter is available below. For any questions about website access and your subscription, please contact us at Info@TradeRegs.com – Or call the Editor, Frank Ruffing, at +1.703.283.5220
The Washington Tariff and Trade Letter introduces a web-based format for easier review, research and sharing. Clicking on a story in the newsletter will now bring you to the full text on our new web site. A .pdf version of the newsletter is available below. For any questions about website access and your subscription, please contact us at Info@TradeRegs.com – Or call the Editor, Frank Ruffing, at +1.703.283.5220
The Washington Tariff and Trade Letter introduces a web-based format for easier review, research and sharing. Clicking on a story in the newsletter will now bring you to the full text on our new web site. A .pdf version of the newsletter is available below. For any questions about website access and your subscription, please contact us at Info@TradeRegs.com – Or call the Editor, Frank Ruffing, at +1.703.283.5220
House Foreign Affairs Committee Chairman Michael McCaul released his interpretation of data on licensing outcomes from the Department of Commerce’s Bureau of Industry and Security (BIS) …
Elizabeth Rosenberg, the assistant Treasury secretary for terrorist financing and financial crimes, added to the drumbeat of criticism of sanction dodging regimes, telling a meeting of Women in International Trade that the UAE was a “country of focus” for the US.
Swedish Telecoms giant and serial FCPA violator LM Ericsson signed a new deal with the Justice Department acknowleging further breaches of the deferred prosecution agreement it entered into for corruption in Djibouti, China, Vietnam, Indonesia and Kuwait.
Justice announced the arrest of the principals of a Kansas avionics distributor for the export of aviation technology from the United States to Russia and Russian end users.
The Bureau of Industry and Security added 37 entities under 38 entries to the Entity List March 2nd, including 28 Chinese firms.
Kendee Yamaguchi has been appointed by President Biden to serve as Commerce Deputy Assistant Secretary for the US Field at the International Trade Administration. She will oversee nearly 300 trade professionals in more than 100 US cities, helping US businesses export their goods and services, and attracts foreign direct investment to grow jobs within the United States, Commerce said yesterday.
Reuters news service reported that the United States is sounding out close allies about the possibility of imposing new sanctions on China if Beijing provides military support to Russia for its war in Ukraine, according to four U.S. officials and other sources.
A US-Mexico-Canada Agreement workshop focused on ongoing efforts to mitigate marine litter and ghost nets in Mexico concluded yesterday in Mexico City according to a readout from the US Trade …
Russia’s invasion of Ukraine led to a rise in trade-restrictive measures by World Trade Organization members, according to a note released by the WTO. .
Ambassador Katherine Tai and the Office of the United States Trade Representative delivered President Biden’s 2023 Trade Policy Agenda and 2022 Annual Report to Congress. This report details USTR’s work to implement the Biden Administration’s trade priorities and advance an inclusive, worker-centered trade policy.
President Biden’s 2023 trade agenda continues to focus on “partnership” style trade deals over the more traditional comprehensive free trade agreement, according to a report released yesterday by the US Trade Representative’s Office.
That will come along with enforcing existing trade agreements to ensure partners are living up to their commitments. The 2023 Trade Policy Agenda outlines the Administration’s trade priorities for the year ahead.
“From enforcing the USMCA to creating innovative trade arrangements with our allies and partners, we will continue to pursue an agenda that will deliver sustainable and inclusive economic prosperity for all,” US Trade Representative Katherine Tai said.
