Trade and Manufacturing Monitor
Sale of Cartier Jewels Triggers OFAC Violations - Luxury Brands Should Be Aware of U.S. Sanctions Risks
A settlement agreement between Richemont North America, the parent company of Cartier, and the Office of Foreign Assets Control (OFAC) for violations of U.S. sanctions regulations is an important wake up call for U.S.…
New U.S. Sanctions on North Korea - What You Need To Know
Last week the U.S. government announced new sanctions on North Korea designed to target non-U.S. persons, aircraft, vessels, and financial institutions that facilitate trade and transactions with the country. The…
Risks in the common practice of sending technical data outside the U.S. -- New Jersey company penalized $400,000
Does your company source components or parts outside the U.S.? When doing so, you need to be careful about sending unlicensed export controlled technical data like drawings, blueprints and manufacturing instructions as…
Time to Review Your Encryption Classifications - BIS Updates Primary Purpose Exemption
The Bureau of Industry and Security (BIS) recently published changes to its encryption regulations in an effort to simplify the text and focus the scope of controls. The biggest change is that Note 4, the “primary…
Trump Administration Threatens Unilateral Sanctions Against North Korea's Trading Partners
Treasury Secretary Mnuchin announced Wednesday that the Trump Administration was considering sanctioning any country that continues trade with North Korea if the United Nations does not approve additional sanctions…