Cryptocurrency exchange Bittrex was fined more than $24 million by the Office of Foreign Assets Control this week for violating U.S. sanctions. OFAC announced the fine alongside a similar penalty by the Financial Crimes Enforcement Network, which fined the company more than $29 million for violating the Bank Secrecy Act. The OFAC and FinCEN settlements are the two agencies’ first parallel enforcement actions, OFAC’s largest-ever virtual currency enforcement action and the agency's largest fine since April 2019.
Eddy Johan Coopmans, a Ponte Vedra, Florida, resident, pleaded guilty Oct. 4 to conspiring to illegally export controlled technology out of the U.S. in violation of the International Emergency Economic Powers Act, the U.S. Attorney's Office for the Eastern District of Texas announced. The technology included space grade field programmable gate array circuits meant for Russia and China. Cooper, along with an unnamed foreign national, communicated with individuals the pair believed would help them smuggle the technology, then paid them around $1.2 million and made false statements to government regulators, the U.S. Attorney's Office said Oct. 5. Coopmans was indicted in 2019 and faces up to five years in federal prison.
Eddy Johan Coopmans, a Ponte Vedra, Florida, resident, pleaded guilty Oct. 4 to conspiring to illegally export controlled technology out of the U.S. in violation of the International Emergency Economic Powers Act, the U.S. Attorney's Office for the Eastern District of Texas announced. The technology included space grade field programmable gate array circuits meant for Russia and China. Cooper, along with an unnamed foreign national, communicated with individuals the pair believed would help them smuggle the technology, then paid them around $1.2 million and made false statements to government regulators, the U.S. Attorney's Office said Oct. 5. Coopmans was indicted in 2019 and faces up to five years in federal prison.
Advocates for blind and hearing-impaired individuals praised progress on making emergency information accessible but want further improvements, speaking during the FCC’s virtual Video Programming Accessibility forum Thursday. Viewers with significant hearing loss spend their days relying on closed captioning, and thus have high expectations for captions on emergency information, said Lise Hamlin, Hearing Loss Association of America director-public policy. Hamlin and other panelists said the ability to move captions around on the screen to avoid obscuring other information would greatly aid accessibility in emergencies. The graphic displays of emergency information used by newsrooms often originate as data, so it should be possible to incorporate that data into additional audio streams, said Anil Lewis, National Federation of the Blind executive director-blindness initiatives. Broadcasters have to balance screen real estate with the need to display graphics in ways their audience can understand, said ABC-owned stations Vice President-Technology Pat Stahl. ATSC 3.0 should provide additional options for offering accessible emergency information, said NAB Vice President-Engineering and Technology Policy Kelly Williams and Televisa Univision Senior Vice President-Local Media Engineering Javier Garcia. The new standard allows a multitude of additional audio streams and could allow notifications to warn viewers when alternative aural information is available, said Williams. The difficulty of switching between a primary audio stream and a secondary one is a common complaint among the visually impaired, said Kim Charlson, executive director-Perkins School for the Blind library. For consumers, there shouldn’t be any distinction between online and over-the-air content for accessible emergency information, Charlson said. "The consumer should have the same expectation," she said.
The White House should hold off on issuing a “unilateral” executive order on outbound investment screening (see 2209290043 and 2209140041) and should instead work with Congress to address sensitive investment flows to China, said Rep. Patrick McHenry of North Carolina, the top Republican on the House Financial Services Committee. In an Oct. 3 letter to National Security Adviser Jake Sullivan, McHenry said he is “concerned that the Administration may choose to resort to unilateral measures,” including the International Emergency Economic Powers Act, rather than “work with Congress to address the threat posed by China.”
The National Association of Television Program Executives plans to file for Chapter 11 bankruptcy, the group said Monday. It said COVID-19 prevented it from holding events that are significant revenue generators. "These cancellations forced NATPE to operate on its financial reserves, which now require it to reorganize the NATPE business structure," it said. It said the pandemic forced it to cancel its flagship Conference and Marketplace events in 2021 and 2022, but it doesn't intend to cancel its 2023 in-person events. NATPE said it's "looking at all possible options to restructure, including raising funds through strategic alliances," and will continue to operate "as a more streamlined and reorganized operation." It said it's "optimistic that it will emerge from the reorganization process in the same position."
The U.S. Supreme Court in an Oct. 3 order denied Russian oligarch Oleg Deripaska's petition for certiorari over his sanctions designation. The move comes shortly after he, along with his associates, were charged with conspiring to violate his sanctions listing. The court rejected the cert motion without issuing any further explanation.
The U.S. Supreme Court in an Oct. 3 order denied Russian oligarch Oleg Deripaska's petition for certiorari over his sanctions designation. The move comes shortly after he, along with his associates, were charged with conspiring to violate his sanctions listing. The court rejected the cert motion without issuing any further explanation.
Major wireless carriers reported a few glitches during localized, end-to-end wireless emergency alert testing Sept. 12-13, designed to assess the geographic accuracy of alerts (see 2208300046). Reports from AT&T, T-Mobile and Verizon were posted Monday in docket 22-160. Carriers reported some problems during a national WEA test last year (see 2108260046). In the first national test in 2018, many alerts didn’t go through (see 1812210056).
If Republicans retake control of the House after the midterm elections in November, the chamber’s Foreign Affairs Committee will initiate a review of the Bureau of Industry and Security and its export control procedures, said Rep. Michael McCaul, R-Texas. McCaul said the review would examine BIS’ progress in restricting emerging and foundational technologies under the Export Control Reform Act and study whether U.S. export control authority should be moved to a different agency.