According to this article in the New York Times, the recent DDOS attacks launched against U.S. financial institutions were likely the work of the Government of Iran and in retaliation for U.S. sanctions against Iran and its financial institutions. These…
According to an article dated August 1 in the online edition of German newspaper Die Welt, the U.S. Internet payment company PayPal closed the account of a German website that had been selling Cuban rum among other alcohol and alcohol-related…
This blog reported several weeks ago on a complaint brought by a small British company against Lloyds for refusing to cash a check in pounds sterling that the company had received from a Cuban customer. Lloyds had previously agreed to…
It started simply enough. A small, U.K.-based agricultural consultant, Fertecon, took a check for £7,156 to its banker, Lloyds, and asked them to cash it. Lloyds refused. The reason? The check came from Cuba. Once bitten, twice shy, it would…
The Bureau of Industry and Security (“BIS”) recently designated five Chinese companies under BIS’s Validated End User Program. Because of that designation, certain dual-use items can be exported to those companies in China without an export license. The first reviews…