Trade and Manufacturing Monitor
OFAC Settlement with Payoneer Inc. Highlights Sanctions Expectations for Online Services
On July 23, 2021, the Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with online money transmitter Payoneer Inc. (“Payoneer” or the “company”) for processing online transactions on behalf of…
CBP’s Proposed Rulemaking to Change Country of Origin Method on Products from Canada and Mexico
On July 6, 2021, U.S. Customs and Border Protection (CBP) published a notice of proposed rulemaking (NPRM) that would change to the agency’s approach in determining the country of origin for goods imported from Canada…
U.S. Warns of Heightened Risk of Doing Business in Xinjiang
On July 13, 2021, the U.S. Departments of Commerce, State, Treasury, Commerce and Homeland Security and the Office of the U.S. Trade Representative issued an updated Advisory on supply-chain risks for U.S. businesses…
U.S. Adds 34 Technology Companies to Entity List
Yesterday, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce added 14 companies based in China and 20 companies located elsewhere to the U.S. Entity List. According to BIS, the Chinese…
U.S. Expands Sanctions on Belarus
Yesterday, the U.S. Office of Foreign Assets Control (OFAC) sanctioned several Belarusian individuals and entities, including the State Security Committee of the Republic of Belarus (the Belarusian KGB), in response to…