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In a precedent-setting agreement, the Justice Department, OFAC and the Bureau of Industry Security announced a settlement with SAP SE for more than $8 million for numerous violations of...

Cross-linked news, and information resources about Tajikistan

By Aaron Nicodemus2021-04-30T18:09:00+01:00 German software company SAP SE on Thursday agreed to pay more than $8 million in combined penalties issued by three U.S. agencies after admitting to committing numerous violations of sanctions against Iran that occurred when Iranian-based users paid to download SAP software, upgrades, and patches. SAP agreed to disgorge $5.14 million paid by Iranian users for its software over a seven-year period as part of a non-prosecution agreement reached with the...

Riyadh, which has designated several AQAP and Islamic State-Yemen individuals and entities. The UAE Central Banks Financial Intelligence Unit is credited in State Department terrorism reports with providing training programs to UAE financial institutions on money laundering and terrorism financing, and making mandatory the registration of informal financial transmittal networks (hawalas). During 2018 and 2019, the government enacted and issued implementing regulations for updated anti-money l...

To embed, copy and paste the code into your website or blog: Few areas of compliance change as rapidly as export controls. People, companies and even countries move on and off the sanctions list. Adding to the complexity, as Matt Silverman, Senior Manager, Compliance & Export Control at ASML explains, is the challenge that an export control violation isn’t about simply shipping goods to someone or somewhere you shouldn’t. Even a conversation, plant tour or the wrong hire can be a violation....

Tuesday, April 13, 2021 Ford Motor Company (“Ford”) issued new Production Purchasing Global Terms and Conditions (“Terms”) related to the purchase of goods, services and tech products, including tooling and service parts purchased on or after July 1, 2021. Ford’s existing contracts with Suppliers will not be amended to include the Terms unless the contract is renewed after July 1 st. Importantly, for blanket purchase orders, the Terms will apply to all releases issued afte...

Tuesday, April 13, 2021 Ford Motor Company (“Ford”) issued new Production Purchasing Global Terms and Conditions (“Terms”) related to the purchase of goods, services and tech products, including tooling and service parts purchased on or after July 1, 2021. Ford’s existing contracts with Suppliers will not be amended to include the Terms unless the contract is renewed after July 1 st. Importantly, for blanket purchase orders, the Terms will apply to all releases issued after ...

The Terms expressly apply to the production and use of software and data. The Terms also limit the types of Purchase Orders used to describe the goods, service, or software/date.  These changes broaden the scope of the Terms and standardize the forms used to incorporate them.  Suppliers that produce software or data should review the Terms in particular detail. Suppliers should be cautious about relying on contractual documents, requirements or specifications unless those document qualify as ...

To print this article, all you need is to be registered or login on Mondaq.com. The U.S. Department of Commerces Bureau of Industry and Security ("BIS") recently revised the Export Administration Regulations ("EAR") to, among other things, modify reporting and self-classification requirements for certain encryption commodities, software, and technologies. On March 29, 2021, BIS issued a final rule modifying the EAR. In addition to implementing changes to several Export C...

COVID-19 Updates | EU, UK, US The AstraZeneca COVID-19 vaccine, recently renamed Vaxzevria, made headlines this week in Europe, due to rising concerns over the links with its use and the development of blood clots.  The European Medicines Agency (EMA) again reviewed the data on the reported cases and published another opinion on 7 April 2021, confirming there is a potential link with “very rare cases of unusual blood clots with low blood platelets”.  While the EMA’s safety committee...