Kharon

Join our team next week at the ICPA 2024 Fall Conference in Grapevine, TX. Find us at booth #4 in the International Ballroom to learn more about our research or receive a demo. Learn more about the event and request to meet with us here: https://hubs.ly/Q02TF7Kn0

Last week, the U.S. Bureau of Industry and Security released new guidance for financial institutions to enhance compliance with export control regulations. This marks a shift in BIS's expectations from earlier guidance, which primarily focused on educating FIs about identifying and reporting evasion red flags. Institutions now face heightened responsibility to actively ensure that their transactions do not facilitate evasion of U.S. export controls Read our five key takeaways: https://hubs.ly/Q02TkLNZ0

Since last year's October attacks on Israel, Kharon has delved into Hamas's evolving funding and sanctions evasion tactics and the associated global response. Our in-depth reports explore crowdfunding efforts, the complexities of funding mechanisms, and the implementation of sanctions. Explore our collection of articles for a comprehensive understanding of these critical developments: https://hubs.ly/Q02TkBSV0

Tomorrow, Kharon's Howard Mendelsohn and BakerHostelter's Melissa Mannino explore the strategic objectives behind the U.S. government’s latest export controls and investment restrictions on sensitive technologies involving the People’s Republic of China. Learn more about the recent updates from the Department of Commerce’s Bureau of Industry and Security, as well as expected rulemaking from the Department of the Treasury. Register for the webinar here: https://hubs.ly/Q02Tf_Jz0

The Treasury Department sanctioned several individuals and entities this week for their role in fundraising efforts for Hamas. Kharon previously reported on these networks, including Hamas representatives based in Europe and Hamid Abdullah al-Ahmar, a businessman with several ties to Hamas. Read more about the sanctions here: https://hubs.ly/Q02T47_g0

The U.S. Department of the Treasury?sanctioned?Mohammad Hannoun, a Hamas member based in Italy, on Monday for using a fraudulent charity that claims to raise funds for humanitarian purposes, while using the funds to support Hamas’s military wing. This designation is part of a broader enforcement action against individuals and entities that have participated in fundraising campaigns for Hamas. Read more here: https://hubs.ly/Q02T45Hq0

Join us next week as Howard Mendelsohn, Kharon's President of Global Business Development and Engagement, discusses the combined use of export controls and outbound investment restrictions to address national security concerns regarding the People’s Republic of China with Melissa Mannino, partner of BakerHostetler. Register here: https://hubs.ly/Q02S-VV50

UK Launches Office of Trade Sanctions Implementation, US BIS Issues Guidance for Financial Institutions on Export Regulations, and More... This week on the Kharon Readbook:

Last week, Kharon investigated 18 Chinese firms with supply chains tied to Xinjiang, a region in China known for widespread forced labor allegations, that delivered goods such as food and auto parts to Canadian companies. Despite a Canadian law implemented on January 1 to curb these practices, nearly half of these firms were still shipping products as recently as August. Read the full article here: https://hubs.ly/Q02SS7DB0

Join Kharon's Howard Mendelsohn and BakerHostetler's Melissa B. Mannino for a discussion on the combined use of export controls and outbound investment restrictions on sensitive technology as a means to address national security concerns vis-a-vis the People’s Republic of China. This discussion will explore the implications of these expanded restrictions and consider strategies and due diligence tools that stakeholders can use to both stay ahead of the regulatory curve and support valued trade and investment. Register here: https://hubs.ly/Q02SnxTN0