Cross-Border Compliance Update

Cross-Border Compliance Update: February 2020

March 11, 2020

Foley Hoag’s Trade Sanctions & Export Controls Practice offers experienced, proactive regulatory advice to help clients avoid regulatory compliance missteps and to prevail in official proceedings. For more information about global compliance, visit the Foley Hoag Trade Sanctions & Export Controls Practice Group.

Included in this Issue:

  • Huawei Charged in Racketeering Conspiracy and Conspiracy to Steal Trade Secrets; Temporary General License Extended
  • Guidance on Financial Sanctions During Brexit’s “Transition Period”
  • $3.9 Billion Airbus SE Settlement for Export Violations and Bribery Charges
  • OFAC Approves Agreement for Humanitarian Trade with Iran, Issues New General License and FAQ
  • Thirteen Sanctioned Pursuant to INKSNA for Supporting Iran’s Missile Program
  • Five Arrested for Conspiracy to Sell Iranian Oil to China
  • Venezuelan Update: More Sanctions and a New General License
  • Treasury Announces New Illicit Finance Strategy
  • BIS Amends Country Groups for Exports to Russia and Yemen
  • OFAC Releases New Reporting FAQs

Excerpt:

Huawei Charged in Racketeering Conspiracy and Conspiracy to Steal Trade Secrets; Temporary General License Extended

On February 13, 2020, Huawei Technologies Co. Ltd. (Huawei) and two of its U.S. subsidiaries were charged in U.S. federal court in Brooklyn, NY with conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act (RICO). The DOJ indictment also adds charges that Huawei stole trade secrets from U.S. companies in order to gain access to U.S. technology that would help Huawei grow its business.

Download the February 2020 Foley Hoag Cross-Border Compliance Update (pdf).