A recent story from Bloomberg indicates that California-based NetApp, which manufactures and sells network storage solutions, is under investigation by the Bureau of Industry and Security (“BIS”) in connection with one of NetApp’s storage devices winding up in Syria. The…
The Bureau of Industry and Security (“BIS”) issued a press release today announcing a consent decree between the agency and Ericsson de Panama S.A. in Panama City, Panama. Under the consent decree, Ericsson’s Panamanian subsidiary agreed to pay $1.753 million…
In today’s civil penalty releases, the Office of Foreign Assets Control (“OFAC”) announced a settlement with a U.K company, Genesis Asset Managers, LLP (“GAM”), arising from a purchase that one of its subsidiaries, Genesis Investment Management, LLP (“GIM”), also based in…
Last Thursday, May 17, Ileana Ross-Lehtinen, who never saw a sanction she didn’t like, had her committee, the House Foreign Relations Committee, hold a hearing on sanctions in Iran. The Committee heard testimony from, among other witnesses, former Bush administration…
Yesterday, in remarks made by Secretary of State Clinton With Foreign Minister of Burma U Wunna Maung Lwin after the two met, Secretary Clinton announced that the United States was suspending its sanctions against Burma. Sort of. Here’s what she…