ABOVE: Oyster Bay Pump Works Patrick Gaillard, president of Oyster Bay Pump Works, a producer of automated liquid dispensing laboratory equipment, recently signed a consent agreement with the Bureau of Industry and Security (“BIS”) under which he agreed to a…
ABOVE: On-shore Cuban oil rig An article in the National Journal reveals that OFAC recently granted a license to permit the International Association of Drilling Contractors to send a U.S. delegation to Cuba to train the Cubans on proper off-shore…
ABOVE: Nickel Production in Cuba Washington-based trade group Specialty Steel Industry of North America (“SSINA”) marched up to Capitol Hill today to gripe to the House Ways and Means Committee about Cuban nickel being surreptitiously imported into the United States…
SEE IMPORTANT UPDATE AT THE END OF THIS POST The headline to this post — “Voluntary Disclosure Leads to Criminal Prosecution” — will probably send a chill down the spine of every export and sanctions lawyer who reads this post.…
Yesterday the Office of Federal Assets Control (“OFAC”) published a notice in the Federal Register that reversed, at least temporarily, the absurd interpretation that it had adopted of the statutory requirement in the Trade Sanctions Reform and Export Enhancement Act…