Kharon

Today, the U.S. Department of the Treasury and the Department of State imposed sanctions on nearly 400 individuals and entities whose products and services enable Russia to sustain its war effort and evade sanctions. One of the entities designated, Dronoport, was investigated by Kharon in May for its involvement in developing Russian UAV systems. Read the full article here: https://hubs.ly/Q02MpMfp0

Network Shipping Iranian Commodities Designated, US Considering New Venezuelan Sanctions, and More... This week on the Kharon Readbook:

We are pleased to announce that Kharon has been awarded a contract by the U.S. Department of Homeland Security’s UFLPA Entity List Office. This award provides DHS analysts who support the Forced Labor Enforcement Task Force (FLETF) with access to Kharon ClearView. Learn more in the full press release: https://hubs.ly/Q02M67SS0

As the Russia-Ukraine war drags toward its third year, some EU officials are increasingly concerned that the bloc is struggling to enforce its sanctions against Russia. Amid these worries, Kharon has identified numerous cases in which European companies, both directly and indirectly, sent critical goods, including dual-use items, to Russia. Some of these shipments involve logistics firms based in the Baltics and high-risk transshipment points like the UAE. Read the full article here: https://hubs.ly/Q02M3Hx_0

Russian builders of military-grade drones, including those under U.S. and European sanctions, have imported millions of dollars worth of Tarot RC drone parts made by the Chinese company Wenzhou Feiyue Aviation Technology Co. Raj Dhage breaks down Kharon’s investigation in our latest Snapshot. Read more about Wenzhou Feiyue Technology Co on the Kharon Brief: https://hubs.ly/Q02M32jh0

UFLPA enforcement in the automotive and aerospace sectors increased significantly last month. 86 shipments valued at $15.1 million were detained last month out of a total of $19.1 million since the UFLPA took effect in mid-2022. The automotive sector in particular has faced significant public scrutiny through Congressional letters and investigations, including a report released by Senate Finance Committee Chairman Ron Wyden’s office. As UFLPA enforcement continues to intensify, ensuring compliance is more critical than ever for organizations with complex supply chains. Learn more about how Kharon's forced labor data and technology solutions can help you navigate these challenges and protect your business. https://hubs.ly/Q02LW1Qw0

Kharon is proud to host the French Chapter of the Association of Certified Sanction Specialists (ACSS) in Paris on September 26th. This chapter’s meeting will feature presentations from OFAC, the European Commission, and the French government. The event will be an excellent opportunity to connect with peers and hear directly from enforcement authorities on matters that impact your industry. Registration is open to the public and free for ACSS members. Reserve your spot today: https://hubs.ly/Q02Ll0tW0

Coordinated Western Sanctions Target Belarus, US Expands UFLPA Entity List, and More... This week on the Kharon Readbook:

Last week, a Kharon investigation revealed that Russian entities have imported of millions dollars worth of drone parts from Chinese brand Tarot-RC, some of which use Western chips. This discovery comes as Ukraine reports that Russia has significantly increased its drone capabilities on the front lines. Read More: https://hubs.ly/Q02L6PvY0

Recently, Kharon reported on logistics companies using freight forwarders to export sanctioned goods. As entities get more creative with trade control evasion, extensive due diligence is essential. Our recent white paper delves into building a dynamic approach to risk management and serves as a comprehensive, practical guide to using high-quality risk intelligence to combat evasion. Download the white paper here: https://hubs.ly/Q02L6MV20