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The Meaning of Export Controls-Part2

ByGTCrepost

Export Controls: Denied Parties  With concerns about the unauthorized and/or inappropriate transfer of technology, products, and information to individuals or entities within or beyond US borders, the US Government established laws and regulations, known as export controls, to restrict such transfer. The government regulates the export of sensitive information, physical equipment, and software and technology to promote foreign policy objectives and promote…

Export Controls Part One
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The Meaning of Export Controls-Part 1

ByGTCrepost

Export Administration Regulations (EAR) If you work in the international trade industry or if you are considering it, the export administration regulations are something you need to know. These regulations apply to all goods being exported out of the United States. These goods must be regulated for the country’s security and the safety of the…

Which Way for Huawei?
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Which Way for Huawei?

ByGTCrepost

[vc_row][vc_column][vc_column_text] It’s not surprising that Chinese telecommunications equipment vendor Huawei Technologies is back in the headlines. Most export control proceedings take place outside the spotlight, perhaps getting a brief mention at most on the business page. The new restrictions on Huawei differ because they have widespread impact and fit nicely into the ongoing Trade War…

Australian National Sentenced for Illegally Exporting Aircraft Parts to Iran
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Australian National Sentenced for Illegally Exporting Aircraft Parts to Iran

ByGTCrepost

BOSTON – An Australian national sentenced March 21 to two years in federal prison on four counts of violating the International Emergency Economic Powers Act. Which criminalizes knowing transactions with Iranian entities without a license from the U.S. Department of Treasury. David Russell Levick, 57, of Cherrybrook NSW, Australia, who previously pled guilty to the…

Here’s what happens next in the Huawei CFO case
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Here’s what happens next in the Huawei CFO case

ByGTCrepost

The Huawei sanctions fraud case rattled markets, stunned the tech world and put U.S. agencies on the spot. All three will be monitoring the next several weeks to see what’s next. Huawei is one of China’s largest companies and is the second largest producer of mobile phones in the world. On Dec. 1, police in Vancouver arrested Huawei CFO…