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News

OFAC issues statute of limitations guidance for US sanctions violations and recordkeeping

The US Department of the Treasury’s Office of Foreign Assets Control has released guidance following on Congress’ extension of the statute of limitations for violations of...

News

BIS issues new guidance to industry and academia on methods to address diversion risks

On July 10, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published its Guidance to Industry on BIS Actions Identifying Transaction Parties of...

News

OFAC issues new standards for submissions and supporting documents

The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has issued guidance on best practices for submitting information and documents in response to OFAC...

News

Commerce bans U.S. transactions with Russian cybersecurity firm Kaspersky under ICTS authority

On June 20, 2024, Commerce’s Bureau of Industry and Security issued a Final Determination prohibiting Kaspersky Lab, Inc. from directly or indirectly providing anti-virus software and ...

Insights and Analysis

Looking forward towards an AUKUS Licence-Free Ecosystem

One of the keys to the success of the enhanced trilateral security agreement known as the Australia – United Kingdom – United States Partnership ("AUKUS") will be for...

News

Significant new measures against Russia issued by US Departments of Treasury, State, and Commerce

On 12 June 2024, the US Departments of Treasury, State, and Commerce imposed new restrictions targeting Russia, including: (i) restricting the provision of certain information technology...

News

U.S. prohibits Chinese real estate purchase related to cryptocurrency mining facility near ICBM base

On 13 May 2024, President Biden issued an order forcing divestiture by MineOne Partners Limited and certain related entities of their ownership of real estate within one mile of F.E. Warren ...

News

OFAC issues interim final rule amending blocked property and other reporting requirements

The Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an interim final rule set to take effect August 8, 2024, which amends the Reporting,...

News

U.S. BIOSECURE Act: Key legal considerations for biotechnology companies

Efforts to curtail U.S. reliance on biotechnology companies in the People’s Republic of China (PRC) and prevent certain data of U.S. persons from being provided to the Chinese...

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