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OFAC Whacks Texas Condo Association under Liberia Sanctions

The Office of Foreign Assets Control (“OFAC”) was feeling left out as the one branch of Treasury not tangled up in the foreclosure crisis, so it decided to take a whack at a condominium association that was just trying to…

  • Clif Burns
  • February 22, 2012
  • 1 Comment
  • Arms Export, Criminal Penalties

A Fool for a Lawyer

Clarence Darrow once said that a man who represents himself has a fool for a lawyer and an idiot for a client. And that seems to be aptly demonstrated by the antics of Londoner Guy Savage who is waging a…

  • Clif Burns
  • February 20, 2012
  • 1 Comment
  • China, DDTC

U.S. Threatens Thales Alenia Space over “ITAR-Free” Satellite

Reuters has obtained a copy of a State Department letter to Congressional staff on the simmering feud between the State Department and Thales Alenia Space over the W3C satellite that Thales sold to the Chinese and which the Chinese have…

  • Clif Burns
  • February 13, 2012
  • 11 Comments
  • Arms Export, Criminal Penalties, DDTC, General

The Third Deadly Sin

A California man has been indicted in connection with his attempt to export radiation hardened, space qualified chips to the People’s Republic of China without an export license. The indictment, if true, tells an interesting tale. According to the indictment,…

  • Clif Burns
  • February 8, 2012
  • 3 Comments
  • Iran Sanctions, OFAC

White House Blocks Government of Iran and All Iranian Banks

The White House issued an executive order today blocking all property of the Iranian government and all Iranian financial institutions. Prior to this action, the Iranian Transaction Regulations (“ITR”) required U.S. persons to reject transactions with these parties rather than…

  • Clif Burns
  • February 6, 2012
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