Ralls case affirms President’s broad CFIUS authority *

China, USA - March 14 2013
On February 22, 2013, the U.S. District Court for the District of Columbia dismissed all but one claim in a lawsuit filed by Chinese-owned Ralls…

Co-authors: Usha Neelakantan, Nova J. Daly.

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CFIUS Annual Report finds a coordinated strategy to acquire critical U.S. technology *

USA - January 8 2013
The Committee on Foreign Investment in the United States (CFIUS) recently released its Annual Report to Congress regarding its activity during calendar…

Co-authors: Usha Neelakantan, Nova J. Daly.

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State Department proposes revision of U.S. munitions list regarding military electronics *

USA - December 4 2012
On November 28, 2012, the U.S. Department of State’s Directorate of Defense Trade Controls published its proposed revision of Category XI (military electronics) of the U.S. Munitions List.

Co-authors: Derick G. Holt, John R. Shane.

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Significant penalties assessed against First Bank of Delaware for AML violations *

USA - November 21 2012
On November 19, 2012, the Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) announced their imposition of a concurrent $15 million civil monetary penalty against First Bank of Delaware, Wilmington, Delaware, for its violation of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws and regulations.

Co-authors: Tessa Capeloto.

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The U.S. government’s intensified efforts to combat money laundering and the implications for financial institutions *

USA - August 24 2012
On August 20, 2012, the U.S. government announced the seizure of $150 million from the Lebanese Canadian Bank (LCB) for assisting Hezbollah, a U.S.-designated terrorist organization since 1997, in laundering illicit funds.

Co-authors: Tessa Capeloto.

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