The EU should expand export controls over advanced technology and impose new tariffs against China to counter Beijing’s sweeping export curbs on rare earths (see 2510090021), a major European think tank said this week.
The Bureau of Industry and Security has informed U.S.-based Arrow Electronics that it will soon remove several of Arrow’s China-based affiliates from the Entity List, the electronics parts supplier said this week.
Multiple Bureau of Industry and Security employees working for the agency's Western regional office were recently laid off, two people with knowledge of the situation told Export Compliance Daily. The employees, who received "reduction-in-force" notices, were mostly export control analysts, compliance specialists and outreach specialists. A BIS spokesperson didn't respond to a request for comment.
Export license delays within the Bureau of Industry and Security have caused American technology companies to indefinitely postpone or rescind job offers for foreign students and job seekers. The delays also have complicated trips to the U.S. by foreign companies, which sometimes need a license to visit production facilities on American soil to make decisions about ordering U.S. products.
The U.K.’s lead sanctions agency is expecting penalty decisions in a range of Russia-related enforcement actions next year, it said in its annual report released this week.
The U.S. is drafting a new set of export controls to use against China if Beijing follows through on its rules to restrict overseas exports that contain certain levels of Chinese-origin material (see 2510090021), senior administration officials said Oct. 15 during a press conference. They also said they're working to coordinate a response with allies.
The Dutch government’s seizure of semiconductor firm Nexperia came amid U.S. pressure for the Netherlands to intervene in the company’s affairs, court records show. The U.S., in conversation with the Netherlands, cited the firm’s Chinese ownership and the fact that it was set to soon be captured by Entity List restrictions, including those under the Bureau of Industry and Security’s new 50% rule.
The Treasury Department’s Financial Crimes Enforcement Network issued new FAQs last week that it said help clarify certain requirements related to the filing of suspicious activity reports with FinCEN. The FAQs touch on requirements relating to the circumstances under which financial institutions must file the reports, ongoing reviews of customer accounts, and more.
The U.S. should impose new chip-related export controls on China in response to Beijing’s new rules last week that will restrict overseas exports if they contain certain levels of Chinese-origin material (see 2510090021), a former senior U.S. national security official said.
Beijing this week announced a host of new export license requirements for shipments of rare earths, superhard materials and related equipment, including new rules to restrict overseas exports if they contain certain levels of Chinese-origin materials. The country’s Ministry of Commerce also added more than a dozen companies to its Unreliable Entity List for arms sales to Taiwan or for other actions that it said hurt Chinese companies or the country’s “sovereignty” or security.