On August 24, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced a $1 million settlement with Ohio-based Container Manufacturing Ltd. (CML) to resolve allegations that the company exported restricted industrial parts to Russia without authorizations required
Weekly Trade Update: August 24-28, 2026
OFAC Makes Iran-related Updates to SDN List
The Office of Foreign Assets Control (“OFAC”) took additional actions as part of “Operation Economic Outcast”, the Administration’s sanctions campaign against Iran. OFAC announced the addition of an Iranian national (Reza Mohammad Taeedi) and
OFAC Issues General Licenses Authorizing Activity in Venezuelan Telecommunications Sector
On August 21, 2026, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued General License (GL) 61 and GL 62, respectively authorizing the provision of U.S. goods, technology, software, and services in support of telecommunications
State AG News: Antitrust, Consumer Protection, Food and Beverage (August 20–27, 2026)
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from August 20-27, 2026:
Multistate
- A coalition of 48 states
Hobson Motion To Dismiss – The “Foreign Official” Issue
In February 2026, Charles Hunter Hobson (who served in a variety of roles at Corsa Coal from 2013 to 2018) was found guilty by a jury for various Foreign Corrupt Practices Act and related offenses in connection with an
OFAC and State Department Announces New Updates to SDN List and Sanctions Related to Iran
On August 24, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced numerous actions related to Iran sanctions. These actions are deemed “Operation Economic Outcast” and are meant to align with changes in the foreign
Canada Finalizes List of Products Subject to Retaliatory Labor Day Tariffs
As previously reported, on August 22, 2026, Canadian Prime Minister Mark Carney announced that Canada will impose dollar-for-dollar retaliatory tariffs in response to the Section 338 additional duties that went into effect following the suspension of trade negotiations between
State Department Removes Syria From State Sponsor of Terrorism List
On August 24, 2026, pursuant to Executive Order 14312, the U.S. Department of State took action to rescind Syria’s designation as a State Sponsor of Terrorism (“SST”). Additionally, the State Department and U.S. Department of the Treasury concurrently removed
The State Antitrust Risk You Are Not Pricing Into Your Deal
In a recently published article, Ken Dintzer and Toni Michelle Jackson examine the growing power of state attorneys general in antitrust enforcement and analyze the significant legal, structural, and strategic implications for corporate counsel and deal teams as state-level merger
Paul Weiss Discusses CFIUS 2025 Annual Report
On August 7, 2026, the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) released its Annual Report to Congress for calendar year 2025 (the “Report”).[1] In an accompanying press release, the U.S. Department of the