Trade enforcement under President Donald Trump could "look a little different" than how the federal government has previously acted because of how the DOJ seems now to want to focus on holding individuals accountable, as opposed to corporations, according to a trade lawyer speaking during a June 6 webinar hosted by the Massachusetts Export Center.
DOJ is adding certain trade violations to the list of “priority areas” for its whistleblower awards program, Matthew Galeotti, head of DOJ’s Criminal Division, said during an industry conference May 12, according to a copy of his prepared remarks.
The U.K. should mirror the enforcement practices of U.S. agencies by publicizing the details of sanctions and export control penalties, which would help British companies better comply with trade restrictions, industry officials and a researcher told U.K. lawmakers this week. The U.K. should sharply raise penalties on businesses that violate sanctions to convince industry to invest more heavily in trade compliance, the researcher said.
DHS Homeland Security Investigations' congressional engagement led to the introduction of bills that would:
The House passed a bill that would create a task force in DOJ to increase prosecutions of tariff evasion, violations of the forced labor provision and ban on goods made in North Korea, trade-based money laundering and smuggling. The bill passed by a voice vote Dec. 3.
Both a potential Kamala Harris and a potential Donald Trump administration are likely to continue the U.S. government’s increasing focus on sanctions and export control enforcement, even if their approaches to specific trade measures may differ, such as tariffs against China or sanctions against Russia, said Adam Smith, a Gibson Dunn lawyer.
Federal and state legislators should take a light-touch regulatory approach to AI because there are unsettled questions about free speech and innovation potential, a Trump-appointed trade judge, a religious group and tech-minded scholars said Tuesday.
Companies should continue to expect an “aggressive” U.S. sanctions enforcement landscape heading into next year, and should consider increasing the amount of due diligence they undertake if they haven’t already, panelists said during an event last week about sanctions compliance.
Following the lead of House Select Committee on China members, Sens. Lindsey Graham, R-S.C., and Sheldon Whitehouse, D-R.I., introduced a bill Aug. 1 to enhance criminal prosecutions for trade offenses.
Congress, federal agencies and state bar associations should work together on new regulations to ensure U.S. lawyers aren't enabling Russia-related sanctions evasion, Stanford Law School lecturer Erik Jensen and a host of law students recommended in a recent report.