On March 4, 2025, the US Department of State announced the redesignation of Ansarallah (a political movement and militia group in Yemen also known as the Houthis) as a Foreign Terrorist Organization (âFTOâ). The US Department of the Treasuryâs Office of Foreign Assets Control (âOFACâ) separately designated seven high-ranking members of Ansarallah as Specially Designated Nationals (âSDNsâ) for smuggling weapons into Houthi-controlled areas of Yemen and negotiating weapons procurement from Russia. In addition, OFAC designated…
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On January 16, 2025, the US Commerce Departmentâs Bureau of Industry and Security (âBISâ) issued an interim final rule (âIFRâ) related to advanced computing integrated circuits (âICsâ) designed to protect US national security and assist foundries and Outsourced Semiconductor Assembly and Test (âOSATâ) companies in complying with provisions of the US Export Administrations Regulations (âEARâ). The IFR builds on previous waves of semiconductor export controls published in October 2022, October 2023, April 2024, and December…
On January 6, 2025, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued new General License No. 24 (“GL”), which authorizes certain transactions formerly prohibited by several US sanctions programs. OFAC also issued eight new Syria Frequently Asked Questions (“FAQs”) and amended one existing FAQ, as part of its effort to ease certain trading restrictions after rebel forces toppled Syrian President Bashar al-Assad’s regime on December 8, 2024. General License No. 24 This…