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The U.S. Treasury Department on October 21 sanctioned law firm Karnakis and Karnakis , five associated individuals, a cargo fleet operator, and two shipping agents. OFAC also identified nine vessels as blocked property and issued two limited Iran-related general licenses.
President Trump’s expected participation in a November leaders’ summit could revive a grouping whose momentum has faltered amid diplomatic tensions and competing U.S. priorities.
The Department of Homeland Security has published an order excluding DeepSeek products from federal civilian procurements and requiring their removal from agency information systems. Its reach extends beyond the Chinese developer’s own offerings to “third-party products and services developed using DeepSeek implementations,” raising questions about how federal suppliers identify and document the models underlying their products.
The Pentagon’s university audits and MI5’s warning expose a common research security problem: a collaborator’s institutional affiliation may not reveal who ultimately funds or benefits from the work.
President Trump issued an executive order on October 16 implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 while waiving its tariff provisions and numerous sanctions and restrictions.
The sanctions bring trade-secret risk directly into investment compliance, requiring banks, fund managers, and technology companies to assess their exposure to the designated MiraclePlus entities.
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