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Global Affairs Canada (GAC) has published guidance on Canada’s sanctions deemed ownership provisions, addressing when a listed person’s control of an unlisted entity can bring that entity’s property within sanctions restrictions. The guidance warrants attention from financial institutions, businesses and counsel assessing counterparties with complex ownership or governance arrangements.
The proposal would extend China’s technology export controls across three strategic industries, with consequences for overseas licensing, technology transfers and changes in ownership or control. Although the proposed prohibitions and restrictions remain under consultation, the immediate registration requirement means companies must assess pending transactions now, including transfers already underway.
The Justice Department is seeking approximately $290.4 million in unpaid duties and fraud penalties from Uni-Tile & Marble Inc. and its chief executive officer, Xin Mian Pan, in a civil customs enforcement action that examines their alleged role in imports entered through other companies.
A Russian national extradited from Sweden faces federal charges for allegedly using a Hong Kong electronics company to obtain U.S. components for Russian customers, conceal their ultimate …
Sasa Micev, a Bosnian national, was sentenced to five years in federal prison after pleading guilty to violations of the International Emergency Economic Powers Act and the North Korea Sanctions Regulations arising from an attempted purchase of North Korean anti-aircraft missiles, the Justice Department announced October 14, 2026.
The U.S. Treasury Department’s Office of Foreign Assets Control removed Jorge Jesús Rodríguez Gómez, president of Venezuela’s National Assembly, from its Specially Designated Nationals and …
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