OFAC Reissues Cyber-Related Sanctions Regulations
An inherent aspect of any new technology is that it doesnât take long for bad actors to figure out how it can be weaponized for nefarious purposes. Cyber-related technologies represent an increasingly dangerous area of risk for everyone, whether they are individual citizens, business and infrastructure entities, or governments. Adversaries of the U.S., including China, Russia, and North Korea have engaged in acts of cyberespionage, often intended not only to cause actual harm, but also to test our ability to counter acts of malicious cyber-intrusion.
What is the CHIPS Act, and Will it Fix the Semiconductor Supply Chain Issues?
Unless youâve been living on a lost island in the South Pacific, you are no doubt aware of the shortage of semiconductors. The shortage and supply chain issues have been highlighted in media reports that feature video images of parking lots and fields full of partially assembled automobiles at many U.S. auto manufacturing locations.
Forced Labor Due Diligence â Supply Chain Tracing Requirements to Comply with UFLPA, Withhold Release Orders, and More
We can all agree that goods made from forced labor, indentured labor or child labor should not be introduced into the U.S. market. Indeed, U.S. law prohibits the entry of goods made from forced labor. The Uyghur Forced Labor Prevention Act (âUFLPAâ) which went into effect as of June 21, 2022, expands on this prohibition by placing a ban on goods from the Xinjiang Uyghur Autonomous Region (âXUARâ) where ethnic minorities are being exploited or certain specified entities that are involved in using forced labor
Primer on Forced Labor Enforcement for U.S. Importers
This Primer provides introductory guidance to complying with U.S. forced labor laws for importers, and includes an introductory overview to forced labor laws, U.S. Customs and Border Protectionâs (CBP) authority to enforce forced labor laws, outlines importer requirements under The Uyghur Forced Labor Prevention Act, describes the detention processes for imported goods made with forced labor, lists key recommended compliance actions for adhering to U.S. forced labor laws, and provides helpful resources for complying with U.S. forced labor laws.
Incursion and World Trade, Part 4: Are India and China Coming to Putinâs Rescue? The New Elephant in the Room
Calculations by top economists show that Russia is accumulating about one billion dollars a day on oil and gas exports to fund the invasion.
Relations Between the U.S. and China In One Word, Dismal Is a Decline in Trade Inevitable?
Itâs goes without saying, but I will say it anyway, the recent visit to Taiwan by U.S. House Speaker Nancy Pelosi certainly didnât help the already strained relations much, but within her reasoning for defiance of Beijing, the democracies of the world must stand together. The Chinese Embassy has now threatened to go to war with the U.S. over Taiwan.
Is Your Company in Compliance with US Immigration Form I-129 EAR / ITAR Certification Requirements?
Most companies that employ non-U.S. persons in the United States are familiar with visa requirements, including completing U.S. Citizenship and Immigration Services Form I-129 – Petition for a Nonimmigrant Worker. However, many are less familiar with the affirmative due diligence and certification requirements contained in Part 6 of the I-129.
DDTC is Open to Open General Licenses
Some may be familiar with Open General Licenses (OGLs) used in the United Kingdom and some other countries. They allow export of dual-use, strategic and other controlled articles to specific destinations under certain conditions.
Evaluating the Efficacy of Sanctions on Russia
Since the Kremlinâs February 24th invasion of Ukraine, western countries have put in place extensive global financial ramifications. To gauge the extent of effectiveness, one must decipher the numbers behind Russiaâs deceiving published economic statistics. One staggering implication of the trade war with the west lies within the entire collapse of the GDP growth acquired in the post-Soviet era.
ImpactDAOs: Shaping the Future of Regenerative Organizations
As Decentralized Autonomous Organizations (DAOs) have exploded into public consciousness, new types of DAOs are proliferating. A novel use case for DAOs, termed âImpactDAOsâ, are defined as âany DAO that creates net positive externalities to the ecosystem around it.â An ImpactDAO seeks to use web3 and crypto-economic principles to regenerate a system, increasing resources and sustainability over time.
