Day: July 16, 2021

On 16 July, KPMG reported that the Bureau of Industry and Security (BIS) of the US Commerce Department has released a final rule that amends the EAR by adding 6 entities to the Entity List.  They have been determined to be acting contrary to the national security or foreign policy interests of the US.  One existing entry is also amended. Entities on the Entity List are subject to licence requirements for the export or transfer of specified items, such as some US technologies.

https://home.kpmg/us/en/home/insights/2021/07/tnf-six-russian-entities-added-us-list-under-ear.html

https://public-inspection.federalregister.gov/2021-15362.pdf

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On 16 July, a joint Advisory was published by the Departments of State, Commerce, Homeland Security and US Treasury to highlight growing risks that could adversely impact US companies that operate in the Hong Kong SAR.  At the same time, 7 new Chinese names were added to OFAC SDN List.  They are all Deputy Directors of the Liaison Office of the Central People’s Government of the Hong Kong Special Administrative Region (LOCPG).

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210716

The Advisory is at –

https://home.treasury.gov/system/files/126/20210716_hong_kong_advisory.pdf

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On 16 July, the Slovak Spectator reported that former members of the Slovak Information Service (SIS) intelligence agency, who are now facing several charges in corruption-related cases, and members of the organised crime group Takáčovci, reportedly laundered dozens of millions of euros through China.

https://spectator.sme.sk/c/22702220/ex-intelligence-agents-and-gang-members-reportedly-laundered-money-through-chinese-firms.html

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On 15 July, a news release from US DoJ advised that the US Government had announced new resources and initiatives to protect American businesses and communities from ransomware attacks. The DoJ and the Department of Homeland Security (DHS), together with federal partners, have launched a new website to combat the threat of ransomware which establishes a one-stop hub for ransomware resources for individuals, businesses and other organizations. It is a collaborative effort across the federal government and is the first joint website created to help private and public organizations mitigate their ransomware risk.

https://www.justice.gov/opa/pr/us-government-launches-first-one-stop-ransomware-resource-stopransomwaregov

https://www.cisa.gov/stopransomware

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y