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Commonwealth Trading Partners
17 followers -
Government and private industry service contractor.
Government and private industry service contractor.

17 followers
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Yesterday the Office of Foreign Assets Control (OFAC) announced it had reached a $1.2 million settlement with DENTSPLY Sirona Inc. to settle potential civil liability for 37 apparent violations of Iranian Transactions & Sanctions Regulations. According to OFAC, the dental supply company's subsidiaries exported 37 shipments of dental equipment & supplies from the U.S., to distributors in 3rd countries, with knowledge or reason to know the goods were ultimately destined for Iran. #ofac #sanctions #iran See: https://hubs.ly/H09p3h10
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AP investigation into seafood processed by North Koreans and purchased by companies like Walmart & Aldi in violation of US law prohibiting imports made by North Koreans highlights the importance of vetting your supply chain. https://hubs.ly/H08R5yM0
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#OFAC updates to Ukraine/Russian-related sanctions Directives 1 and 2 effective on 11/28/17. Learn more: https://hubs.ly/H08MWn50 #sanctions
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Oct 3-5 is the annual BIS Update Conference. CTP will have a booth so come say hi! Learn more: https://hubs.ly/H08MRyG0 #exportcontrols #bis
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The CEO of Medrobotics in Raynham, MA caught a stranger in the office after hours with two open laptops and a tablet prompting an FBI investigation into economic espionage charges. While it appears that the individual didn't get into the sensitive areas of the building which require access cards, he was able to get past the second set of locked doors when someone let him in. The importance of having an export control plan that addresses physical security and IT security controls that are actually implemented by employees cannot be stressed enough! https://hubs.ly/H08HlPN0
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Interesting read on America's permanent export emergency under the International Emergency Economic Powers Act (IEEPA) since the Export Administration Act (EAA) has been expired since 1994. #exportcontrols https://hubs.ly/H08GW7N0
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Former Boeing engineer sentenced to 5 years in prison for economic espionage and violating the Arms Export Control Act (AECA) for selling sensitive satellite info to an undercover FBI agent he believed to be a Russian agent. #exportcontrols #AECA https://hubs.ly/H08GLHg0
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New additions to the Specially Designated Nationals List by OFAC today: https://hubs.ly/H08D-kK0 #sanctions #ofac
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The temporary modification to U.S. Munitions List Cat. XI(b) (military electronics) initially published on 7/2/15 is extended until 08/30/18 to allow the U.S. Government more time to review changes to Cat. XI in full . See: https://hubs.ly/H08vPL30
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