U.S. Office of Foreign Assets Control (OFAC) Archives - Page 15 of 24

New CITBA Article – An Overview of China’s New Export Controls Regime

Diaz Trade Law’s President, Jennifer Diaz, and Associate Attorney, Sharath Patil, are enthusiastic to announce that our article, “An Overview of China’s New Export Controls Regime” was published by the Customs and International Trade Bar Association (CITBA) in its Summer 2021 newsletter.

Our article discusses China’s new export control regime. The new framework is similar in many ways to U.S. export licensing mechanisms. The framework is seen by many as a mechanism to counter increasing U.S. export controls towards China as part of escalating U.S.-China tensions.

Below is the article for your reading pleasure.

[…]

By Jennifer Diaz|2022-07-08T09:44:56-04:00July 20, 2021|Best Practices, China, EAR, Export, International Trade, ITAR, U.S. Bureau of Industry and Security (BIS), U.S. Department of Commerce (DOC), U.S. Directorate of Defense Trade Controls (DDTC), U.S. Office of Foreign Assets Control (OFAC)|0 Comments

Do’s and Don’ts of Filing a Commodity Jurisdiction Request

Co-Authored by Sharath Patil

An Introduction to Export Controls

Over 95% of the world’s consumers are outside of the United States. Opportunities abound for U.S. companies that export. However, exporting is a privilege and not a right. U.S. exporters have an important responsibility to adhere to U.S. export control laws, including the Export Administration Regulations (“EAR”), and the International Traffic in Arms Regulations (“ITAR”). Violations of export control laws carry hefty civil and criminal penalties. Exporters can pay hundreds of thousands of dollars in penalties, lose export privileges, and even be imprisoned for violations of U.S. export control laws.

[…]

By Jennifer Diaz|2022-07-08T09:43:44-04:00June 22, 2021|China, Cuba, EAR, Enforcement, Export, International Trade, Iran, ITAR, U.S. Bureau of Industry and Security (BIS), U.S. Directorate of Defense Trade Controls (DDTC), U.S. Office of Foreign Assets Control (OFAC)|2 Comments

Between a Rock and a Hard Place – Conflicting U.S. & EU Sanctions Policies Towards Iran

Co-Authored by Sharath Patil

Background on U.S. Sanctions Programs

The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) administers a number of different sanctions programs. The purpose of U.S. sanctions programs is to advance U.S. foreign policy objectives and protect national security. Currently, OFAC administers 35 sanctions programs. These sanctions programs vary widely – some are comprehensive while others are highly selective.

[…]

By Jennifer Diaz|2022-07-08T09:42:43-04:00June 15, 2021|EAR, Export, Iran, Pre-compliance, U.S. Office of Foreign Assets Control (OFAC)|0 Comments

OFAC Sanctions & Licensing

Co-Authored by Sharath Patil

Background on U.S. Sanctions (as of May, 2021)

[…]

By Jennifer Diaz|2022-07-08T09:40:36-04:00June 1, 2021|China, Cuba, Export, International Trade, Iran, U.S. Department of Commerce (DOC), U.S. Office of Foreign Assets Control (OFAC)|2 Comments

ACE: Auditing Your Export History

Co-Authored by Sharath Patil

If a company or individual believes they have violated export control regulations and the U.S. government is unaware of this violation, proactively and voluntarily disclosing the potential wrongdoing can substantially reduce penalties. A key component of filing a successful voluntary self-disclosure (“VSD”) is uncovering and providing the correct data. Diaz Trade Law has significant experience analyzing ACE export data to evaluate your export compliance and submit successful VSDs that substantially mitigate penalties.

[…]

By Jennifer Diaz|2021-07-29T12:12:08-04:00May 13, 2021|10+2, Best Practices, China, EAR, EEI, Export, International Trade, ITAR, U.S. Bureau of Industry and Security (BIS), U.S. Directorate of Defense Trade Controls (DDTC), U.S. Office of Foreign Assets Control (OFAC)|0 Comments

Previous 141516 Next