OFAC administers multiple sanctions programs, including country-specific programs or restrictions against human rights violators, weapons proliferators, narcotics traffickers and more. The agency can ...

Nearly half of respondents to a US-China Business Council survey reported losing sales to international competitors due to U.S. export controls, which is almost 20% more than last year, the council ...

Demurrage is the time that filled containers spend inside a terminal when imported into the U.S. This is measured from the time they are offloaded from the vessel until the time they are picked up at ...

The Uyghur Forced Labor Prevention Act (UFLPA) is a U.S. law passed in 2021 which created a "rebuttable presumption" that goods mined, produced or manufactured wholly or partially in China's Xinjiang ...

The Office of Foreign Assets Control fined a Connecticut-based online investment broker $11,832,136 to settle alleged violations of multiple U.S. sanctions programs, saying the company illegally ...

Adam Szubin, former head of the Treasury Department’s Office of Terrorism and Financial Intelligence and director of the Office of Foreign Assets Control, has joined Covington, where he will work on ...

The Office of Foreign Assets Control removed a range of Iran-, Iraq- and Syria-related entries from its Specifically Designated Nationals List this week, including former Iraqi Trade Minister Muhammad ...

Microsoft President Brad Smith this week warned the U.S. against introducing new export controls that could prevent American companies from becoming the world’s leading exporters of AI services, ...

The U.K. on July 7 added two people and one entity to its chemical weapons sanctions list. The Office of Financial Sanctions Implementation sanctioned Aleksey Rtishchev and Andrei Marchenko, the head ...

China is placing new dual-use export restrictions on eight entities based in Taiwan about a month after Taiwan added major Chinese technology companies Huawei and SMIC to its Entity List (see ...

China is imposing antidumping duties ranging from 27.7% to 34.9% for five years on brandy imported from the EU, China's Ministry of Commerce said, according to an unofficial translation. The duties ...

Alison Cooper has left her role as the Office of Foreign Assets Control's enforcement chief to join the Navy Federal Credit Union, where she will manage issues related to OFAC and the Bank Secrecy Act ...