Kharon

Register for next week's webinars, catch up on recent Kharon Brief articles, and read the latest news updates—all in this week's Readbook:

The European Commission has recently adopted the 14th package of economic sanctions and restrictive measures against Russia. These new restrictions emphasize preventing circumvention and will require enhanced due diligence from EU companies. In our July 11 Quick Take webinar, our experts will analyze these new sanctions, their implications, and practical guidance on compliance. Register here: https://bit.ly/4btKSCW

On June 20th, the U.S. Department of the Treasury announced new measures to combat the opioid crisis through enhanced private-sector engagement. Hear from experts Stephen Tracy, former Program Manager of the U.S. Government’s Organized Crime Drug Enforcement Task Force (OCDETF), and Sam Powers, VP of Public Sector at Kharon, as they discuss the latest Treasury actions and the role OSINT can play in identifying the production and distribution of illicit precursor chemicals and manufacturing equipment. Register here: https://bit.ly/3VMAEHL

The EU's latest sanctions package against Russia is designed to target critical sectors of the country's economy, such as the export of dual-use goods sought out by Russia's military-industrial complex. Read more details about the EU's 14th round of sanctions targeting Russia on the Kharon Brief: https://bit.ly/3W4HkT1

Register for our next webinars, catch up on the Kharon Brief, and read the latest news updates–all in this week's Readbook:

Solar panels assembled by an Indian company whose supply chain has links to Xinjiang-origin polysilicon continue to flow into the U.S. market despite a 2021 ban on the importation of the raw material from the region. This article is the latest update in Kharon’s ongoing investigation into the solar panel supply chain and its connections to forced labor in Xinjiang. Read the full article here: https://hubs.ly/Q02DsTKz0

As the opioid crisis continues to be a threat to Americans, the U.S. Government has announced new measures to combat the influx of illicit fentanyl entering the country. The advisory highlights the emerging trend of shell companies in Mexico purchasing fentanyl precursor materials and equipment from China and then selling the drugs to the U.S. market. It is essential that businesses are alert to red flags associated with fentanyl smuggling. Read the full article here: https://hubs.ly/Q02Dk8030

Join us tomorrow for a 30-minute demonstration of our new solution for sanctioned securities—designed by experts at the forefront of risk management technology and data science. This session will be an excellent opportunity to gain insight into the data and methodology behind our solution and its application in key industry challenges like CMIC restrictions and Russian investment bans. Register here: https://hubs.ly/Q02Dd8kR0

Two years after the enactment of the Uyghur Forced Labor Prevention Act (UFLPA), DHS Under Secretary Robert Silvers reflects on the initial reactions to the law and what work still needs to be done to eradicate products made with forced labor. Watch our full webinar with Under Secretary Silvers on demand: https://hubs.ly/Q02D5b510

A Chinese firm traded on the Shanghai Stock Exchange has been supplying CNC tool parts to several Russian entities. In our recent Brief article, we shed light on the methods used to continue to ship CNC items to Russia, amidst global sanctions, and the broader implications for global trade compliance as several countries have added CNC machine tools to their list of common high-priority items in an effort to stop those items from heading to Russia. Read the full article here: https://bit.ly/4c9Diyt