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☆ U.S. Firms Raise Corruption Concerns in Legal Battle Over Ukraine Grain Deal
▼ + stars: | 2023-06-04 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-plans-to-expand-sanctions-export-controls-on-russia-as-g-7-summit-begins-2d551567

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-plans-to-expand-sanctions-export-controls-on-russia-as-g-7-summit-begins-2d551567

☆ Analysis: Fed report on SVB collapse could buoy shareholder lawsuits
▼ + stars: | 2023-04-29 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

FILE PHOTO: The Silicon Valley Bank headquarters seen from the street in Santa Clara, California, U.S. March 13, 2023. The bank’s parent company, SVB Financial Group, entered bankruptcy on March 17. The Fed’s report concluded that SVB did not adequately hedge against risk, failed its own liquidity stress tests, and chased short-term profits at the expense of long-term stability. Rather than address these risks, the bank changed how it measured them, the report found. “I see this (Fed) report as being extraordinarily useful evidence to dangle in front of a judge or jury on class action lawsuits against accounting firms,” Cox said.

☆ Pentagon, Intelligence Agencies Face Calls for Details on Leak Probe
▼ + stars: | 2023-04-16 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

A review has been ordered of intelligence access, accountability and control procedures within the Pentagon to help prevent future leaks. WASHINGTON—U.S. Defense Department and intelligence agencies face growing calls from lawmakers for details about how a 21-year-old Air National Guardsman was allegedly able to access and post online classified information. Senior lawmakers with oversight of intelligence and defense on Sunday said they don’t yet understand how a low-level information technician was allowed access to the classified documents and allegedly to sneak state secrets out of secured facilities. Some lawmakers also called for officials to be held accountable for the breach.

☆ U.S., U.K. Sanction Firms Tied to Russian Oligarch Alisher Usmanov
▼ + stars: | 2023-04-12 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-u-k-sanction-firms-tied-to-russian-oligarch-alisher-usmanov-85cf0dc4

☆ U.S., U.K. Sanction Firms tied to Russian Oligarch Alisher Usmanov
▼ + stars: | 2023-04-12 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-u-k-sanction-firms-tied-to-russian-oligarch-alisher-usmanov-85cf0dc4

The U.S. moved this month to cut off a Chinese conglomerate’s access to Western technology, but the firm can still secure those goods through a technicality that some former senior officials say is a major loophole in the U.S. export-control regime. U.S. companies are barred from exporting to companies named on the Commerce Department’s so-called Entity List, unless they get approval. But listed companies can still buy U.S. goods through subsidiaries that aren’t on the Entity List, current and former government and industry officials say. Industry officials say some U.S. companies intend to keep selling high-tech goods to Chinese companies in that manner.

☆ U.S. Targets 28 Chinese Entities With Alleged Ties to Iranian Military
▼ + stars: | 2023-03-03 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

The Commerce Dept. based in Washington, cites arms proliferation and other national security concerns in targeting the Chinese firms. WASHINGTON—The U.S. Commerce Department on Thursday targeted more than two dozen Chinese entities with export restrictions, part of a broader effort by the Biden administration to mitigate what it says is a growing national security threat from China. Updates to follow as the news develops.

☆ U.S. Export Limits Target 28 Chinese Entities, Citing Alleged Ties to Iranian Military
▼ + stars: | 2023-03-02 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

WASHINGTON—The U.S. Commerce Department on Thursday targeted more than two dozen Chinese entities with export restrictions, part of a broader effort by the Biden administration to mitigate what it says is a growing national security threat from China. In adding the 28 Chinese firms and individuals to its Entity List, Commerce’s Bureau of Industry and Security said the firms represented a range of potential national security risks including through alleged dealings with an Iranian electronics firm previously sanctioned by the U.S. for its alleged ties to Tehran’s military.

☆ Justice Department Hiring Dozens of New Prosecutors to Enforce Russian Sanctions
▼ + stars: | 2023-03-02 | by ( Dylan Tokar | Ian Talley | ) www.wsj.com time to read: +5 min

The new prosecutors will work with corporations to investigate sanctions and export control evasion, and also bring criminal charges against companies when they commit violations, he said. Some of the additional prosecutors are new hires, while some are being reallocated from different sections, according to officials. The U.A.E.’s enforcement of sanctions differs between the emirates, officials say, as the separate governments treat the sanctions with varying degrees of compliance. For their part, Justice Department officials have pointed to a growing nexus between their work on corporate crime and national security. In addition to hiring more prosecutors, Mr. Olsen said the counterintelligence section would also hire a lawyer to advise on investigations involving corporations.

☆ Huawei Export Licenses Could be Revoked by U.S.
▼ + stars: | 2023-02-28 | by ( Ian Talley | Asa Fitch | ) www.wsj.com time to read: 1 min

The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies Co., according to people familiar with the matter, part of a broader tightening of technology trade over national security concerns. The administration previously indicated that it was considering not granting any new export licenses to companies such as Qualcomm Inc. and Intel Corp., which provide chips needed for smartphones and other devices. The action would cover products that use advanced 5G technology as well as older 4G products.

☆ Huawei Export Licenses Could Be Revoked by U.S.
▼ + stars: | 2023-02-28 | by ( Ian Talley | Asa Fitch | ) www.wsj.com time to read: 1 min

More than a year after Western authorities sought to shut down the pipeline supplying Russia in its war in Ukraine, exports of small, nimble Chinese drones are still providing the Kremlin with an effective way to target Ukrainian forces, according to Western officials, security analysts and customs data. Some of the commercial drones are arriving on the front lines from Russian distributors supplied by Shenzhen, China-based Da-Jiang Innovations Science & Technology Co., known as DJI, according to customs records, while others are transported through the United Arab Emirates.

☆ From Rihanna to Chloë Sevigny, Fashion Week Prioritized Charisma Over Clothes
▼ + stars: | 2023-02-16 | by ( Rory Satran | ) www.wsj.com time to read: +1 min

In “Iron Man 3,” superhero Tony Stark is haunted by the existential question of whether the suit makes the man or the man makes the suit. The fashion industry depends on the former—selling clothing that it promises can transform and complete you. And recently, garments have continually trumped their wearers, with interchangeable influencers modeling attention-grabbing trends like micro-kilts, Big Red Boots and bra tops. But these past few days at New York Fashion Week, the message is that, though fashion can help, ultimately it’s the wearer that elevates a look. Even larger-than-life Rihanna in a notably casual, yet punchy, Super Bowl halftime look echoed the theme from afar.

☆ U.S. Poised to Blacklist Chinese Firms Involved in Balloon Program
▼ + stars: | 2023-02-10 | by ( Ian Talley | Vivian Salama | ) www.wsj.com time to read: 1 min

A Federal Bureau of Investigation team with pieces of a Chinese balloon the U.S. shot down off the coast of South Carolina. WASHINGTON—The U.S. plans as soon as Friday to blacklist about a half-dozen Chinese companies involved in production of surveillance balloons, a person familiar with the matter said, in retaliation for the suspected spy balloon that traversed the U.S. The planned addition of the government-owned defense firms and contractors to the Commerce Department’s roster of blacklisted firms follows pledges by Biden administration officials to further restrict Western technology China could use to advance its military and economic might.

☆ U.S. Poised to Further Tighten Technology Exports to China After Balloon Incident
▼ + stars: | 2023-02-10 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

WASHINGTON—China risks losing even more access to Western technology after a suspected spy balloon traversed the U.S., as Washington and its allies consider punishing Beijing with stiffer restrictions on products it needs to advance its military and economic might. Current and former security officials say the balloon, which the U.S. said carried antennas and sensors for collecting intelligence and communications, underscores the national security threat posed by China and will build political support for stronger protections of U.S. technology.

☆ U.S. Blacklists Chinese Companies Involved in Balloon Program
▼ + stars: | 2023-02-10 | by ( Ian Talley | Vivian Salama | ) www.wsj.com time to read: 1 min

WASHINGTON—The U.S. blacklisted six Chinese companies Friday that it said were involved in Beijing’s surveillance-balloon program, in a move taken in retaliation for the suspected spy balloon that traversed the U.S. The addition of the government-owned defense firms and contractors to the Commerce Department’s roster of blacklisted firms follows pledges by Biden administration officials to further restrict Western technology China could use to advance its military and economic might.

☆ China Aids Russia’s War in Ukraine, Trade Data Shows
▼ + stars: | 2023-02-04 | by ( Ian Talley | Anthony Debarros | ) www.wsj.com time to read: 1 min

WASHINGTON—China is providing technology that Moscow’s military needs to prosecute the Kremlin’s war in Ukraine despite an international cordon of sanctions and export controls, according to a Wall Street Journal review of Russian customs data. The customs records show Chinese state-owned defense companies shipping navigation equipment, jamming technology, and fighter-jet parts to sanctioned Russian government-owned defense companies.

☆ Biden Administration Considers Cutting Off Huawei From U.S. Suppliers
▼ + stars: | 2023-01-31 | by ( Ian Talley | Sabrina Siddiqui | ) www.wsj.com time to read: 1 min

Huawei, the world’s largest maker of telecom equipment, has said its products aren’t a national-security risk. WASHINGTON—The Biden administration is considering entirely cutting off Chinese telecommunications giant Huawei Technologies Co. from U.S. suppliers over national-security concerns by tightening export controls targeting the firm, according to people familiar with the matter. The move—should the administration move forward—would mark the latest salvo in the high-stakes clash between the world’s two largest economies as U.S. policy makers seek to counter China’s industrial policy they say threatens Western interests.

☆ Fashion figure Andre Leon Talley collections up for auction at Christie's in New York City
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

[1/6] A royal blue, pink and red silk satin shawl-collar kimono by Tom Ford is displayed during the exhibition of the Couture collection of late fashion icon Andre Leon Talley in the showroom of Christie's auction house in Paris, France, January 24, 2023. REUTERS/Sarah MeyssonnierPARIS, Jan 24 (Reuters) - Silk caftans, exotic leather coats and monogrammed Louis Vuitton luggage sets are among items from the late American fashion journalist Andre Leon Talley set to go under the hammer this week at Christie's in New York. "His work could really make or break any designers," added Seigel. The auction house estimates the lots will fetch more than a million dollars, funds that will go to two Baptist churches that played a key role in Talley's life. Talley, a former U.S. Vogue editor at large and creative director, died on Jan. 18, 2022, at age 73.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ U.S. to Levy Human-Rights Sanctions on Russia, China
▼ + stars: | 2022-12-09 | by ( Vivian Salama | Ian Talley | ) www.wsj.com time to read: 1 min

WASHINGTON—The U.S. is set to levy fresh sanctions against Russia and China on Friday, actions that include targeting Russia’s deployment of Iranian drones in Ukraine, alleged human-rights abuse by both nations and Beijing’s support of alleged illegal fishing in the Pacific, according to officials familiar with the matter. The bulk of the expected sanctions are to be imposed under the Global Magnitsky Act, named after a whistleblower who died in a Moscow jail after accusing officials of corruption. The U.S., by using those powers to sanction high-profile government, military and business officials accused of human-rights abuses and corruption, says it aims to hold them accountable and deter others.

☆ U.S. Sanctions Turkish Businessman It Says Brokered Oil Sales for Iran’s Military
▼ + stars: | 2022-12-08 | by ( Ian Talley | ) www.wsj.com time to read: +2 min

The Biden administration on Thursday levied sanctions against several Turkish businessmen and more than two dozen Turkish companies that officials said were selling oil worth hundreds of millions of dollars for Iran’s terror-listed military unit. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Mr. Ayan owns or controls the sanctioned companies, including the Turkish energy conglomerate ASB Group, which launders proceeds from the oil sales into Europe and Asia under an agreement he allegedly reached in 2017 with Iranian officials, the Treasury said. Neither Mr. Ayan, contacted through ASB Group, nor the firm immediately responded to a request for comment. Daniel Roth, a research director for the advocacy group United Against Nuclear Iran, said the Treasury’s action represented a “giant stride” toward thwarting the IRGC’s illicit oil exports.

☆ U.S. Prosecutors Target Russian Assets, but Legal Hurdles Loom
▼ + stars: | 2022-11-24 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

Western authorities have frozen about $300 billion in reserves of Russia’s central bank, pictured in Moscow. WASHINGTON—Federal prosecutors have issued a stream of subpoenas in recent months in an effort to uncover Russian oligarchs‘ assets hidden in the U.S., laying the groundwork to seize real estate, cash accounts and trust funds, say people familiar with the matter. Many of the subpoenas seek business, bank and trust records they say would help prosecutors cut through layers of complex ownership structures meant to obscure oligarchs’ holdings.

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