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Bureau of Industry and Security Extends Suspension of Affiliates Rule Until January 10, 2027

Bureau of Industry and Security Extends Suspension of Affiliates Rule Until January 10, 2027

Bureau of Industry and Security Extends Suspension of Affiliates Rule Until January 10, 2027
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U.S. Seeks Forfeiture of China-Registered G550 Jet for Exceeding 72-Hour Iran Stay

U.S. Seeks Forfeiture of China-Registered G550 Jet for Exceeding 72-Hour Iran Stay

A China-registered Gulfstream G550 business jet is facing forfeiture by the U.S. government after allegedly remaining in Iran for six days, exceeding the 72-hour limit permitted under U.S. sanctions. The aircraft, manufactured in the U.S., flew from Beijing to Tehran on December 13, 2024, and departed on December 19, 2024. U.S. prosecutors contend that this movement constituted a re-export from China to Iran, requiring a Commerce Department license that was never issued by the Bureau of Industry and Security. While the U.S. Treasury’s Office of Foreign Assets Control (OFAC) General License J-1 allows temporary trips to Iran, it caps them at 72 hours, a condition the G550 reportedly violated. The complaint states that OFAC did not issue a license for the aircraft to remain beyond this period. The jet is currently in FBI custody in the Eastern District of Virginia, and the action does not involve criminal charges, allowing the owner, Deer Jet, to contest the forfeiture.
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Greenberg Traurig Attorneys Discuss Financial Crime, National Security, and Compliance in Podcast

Greenberg Traurig Attorneys Discuss Financial Crime, National Security, and Compliance in Podcast

Greenberg Traurig attorneys Shirin Afsous, a litigation shareholder in the firm’s Northern Virginia office, and Tonya Esposito, managing shareholder of its Washington, D.C., office, participated in an episode of the 'Big Law Redefined' podcast. They discussed the interconnectedness of anti-money laundering, sanctions, export controls, fraud, and national security risks with Archana Bae, CEO of Porta Strategies. The conversation explored how artificial intelligence (AI) and digital assets are influencing both illicit activities and their detection. They also touched upon the importance of public-private and cross-border collaboration, as well as evolving enforcement expectations in the realm of compliance. The podcast provided practical guidance for financial institutions, including smaller banks and fintechs, on developing risk-based compliance programs, enhancing information sharing, and integrating human oversight with technological advancements.
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Moog Inc. Seeks Global Trade Compliance Manager for Defense Division Amidst Complex Regulations

Moog Inc. Seeks Global Trade Compliance Manager for Defense Division Amidst Complex Regulations

Moog Inc. Seeks Global Trade Compliance Manager for Defense Division Amidst Complex Regulations
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BIS Extends Suspension of 'Affiliates Rule' for Export Controls Until January 2027, Impacting U.S. Firms with Chinese Ties

BIS Extends Suspension of 'Affiliates Rule' for Export Controls Until January 2027, Impacting U.S. Firms with Chinese Ties

BIS Extends Suspension of 'Affiliates Rule' for Export Controls Until January 2027, Impacting U.S. Firms with Chinese Ties
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U.S. Bureau of Industry and Security Extends 'Affiliates Rule' Suspension Until January 2027

U.S. Bureau of Industry and Security Extends 'Affiliates Rule' Suspension Until January 2027

U.S. Bureau of Industry and Security Extends 'Affiliates Rule' Suspension Until January 2027
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CesiumAstro Seeks Senior Trade Compliance Administrator to Navigate U.S. Export Regulations

CesiumAstro Seeks Senior Trade Compliance Administrator to Navigate U.S. Export Regulations

CesiumAstro Seeks Senior Trade Compliance Administrator to Navigate U.S. Export Regulations
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China Proposes New Export Controls on Biopharma and AI Technologies, Pre-Export Registration Now Required

China Proposes New Export Controls on Biopharma and AI Technologies, Pre-Export Registration Now Required

China Proposes New Export Controls on Biopharma and AI Technologies, Pre-Export Registration Now Required
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Spirit AeroSystems, a Boeing Subsidiary, Seeks Mid-Level Trade Control Specialist in Wichita, Kansas

Spirit AeroSystems, a Boeing Subsidiary, Seeks Mid-Level Trade Control Specialist in Wichita, Kansas

Spirit AeroSystems, a Boeing Subsidiary, Seeks Mid-Level Trade Control Specialist in Wichita, Kansas
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PsiQuantum Secures U.S. Government Funding for Quantum Computing Development

PsiQuantum Secures U.S. Government Funding for Quantum Computing Development

PsiQuantum, a company focused on building fault-tolerant quantum computers, has secured significant funding from the U.S. government. In 2026, the U.S. Department of Commerce signed a $100 million Letter of Intent under the CHIPS and Science Act. This was followed by a $125 million agreement with DARPA under Stage C of its Quantum Benchmarking Initiative, marking PsiQuantum's most substantial U.S. government agreement to date. The company's approach is based on silicon photonics, leveraging advanced semiconductor manufacturing processes. Photonics offers advantages for scalability, as photons are immune to electromagnetic interference and integrate with existing cryogenic cooling and fiber-optic infrastructure. PsiQuantum's technology has undergone rigorous scrutiny by the U.S. government for emerging technologies. The company also closed a $1 billion funding round in 2025, valuing it at $7 billion, and has begun construction on a utility-scale quantum computer in Brisbane, Australia, while expanding its C...
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CBP Imposes Stricter Requirements for Foreign Importers of Record and Customs Brokers

CBP Imposes Stricter Requirements for Foreign Importers of Record and Customs Brokers

CBP Imposes Stricter Requirements for Foreign Importers of Record and Customs Brokers
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U.S. Chamber of Commerce Advocates for Revitalized U.S.-Brazil Consultative Committee on Agriculture to Enhance Food Security

U.S. Chamber of Commerce Advocates for Revitalized U.S.-Brazil Consultative Committee on Agriculture to Enhance Food Security

U.S. Chamber of Commerce Advocates for Revitalized U.S.-Brazil Consultative Committee on Agriculture to Enhance Food Security