About MassPoint PLLC
MassPoint PLLC is a Washington, D.C.-based law firm offering international trade guidance and representation to U.S. and international parties in the areas of sanctions, export controls, foreign investment (CFIUS) and emerging technologies law and policy.
BIS Guidance to Financial Institutions on Export Administration Regulations Compliance
BIS advises financial institutions to guard against EAR violations through: (1) screening against export lists, (2) enhanced due diligence for high-risk transactions, (3) derisking, and (4) reporting and self-disclosing EAR violations. The BIS guidance reiterates FIs’ obligation to file suspicious activity reports (SARs) as directed in three prior FinCEN-BIS alerts.
Hdeel Abdelhady to Moderate Event on Emerging Tech, National Security & Financial Services
Hdeel Abdelhady, MassPoint’s principal, will moderate an event on the links between emerging technology, national security, and financial services. The event will explore how national security-based concerns around emerging technologies play out in the financial services space.
OFAC Updates Unblocked Property Reporting Rule
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) released an advance version of its Final Rule on October 7, 2024, amending parts of 31 C.F.R. § 501.603. The Final Rule governs reports on unblocked property. The Final Rule will take effect 30 days after its publication in the Federal Register.
OFAC Sanctions Paraguayan Company for Material Support
OFAC Sanctions Paraguayan Tobacco Firm Ties to Sanctioned Ex-President By Hdeel Abdelhady The Treasury’s Office of Foreign Assets Control (OFAC) re-imposed…
Swedbank Latvia Settlement: Sanctions Compliance Lessons
OFAC – Swedbank Latvia Settlement Settlement Highlights Importance of Integrating Geolocation and Know Your Customer Data By Hdeel Abdelhady | June…
National Security Panel Urges AI Semiconductor Hardware Export Controls
Perceiving China’s technological ascendance as a threat, the United States has imposed defensive legal measures, including export controls, to curb foreign access to U.S. technology by illicit and lawful means. The approach has bipartisan backing across the U.S. government.