The Bureau of Industry and Security remains months away from resolving a temporary pause in new firearm export licenses that was supposed to expire in January, the National Shooting Sports Foundation said this week.

The Bureau of Industry and Security added 11 parties to its Entity List this week for procuring items to support Iranian drone programs, China’s military modernization efforts or Russia’s military. The additions, outlined in a final rule released April 10 and effective April 11, include technology companies, logistics firms and one person based in either China, Russia or the United Arab Emirates.

The Treasury Department has asked lawmakers to approve a series of proposals to help it counter terrorist groups and other bad actors that increasingly use cryptocurrency to evade financial sanctions, Deputy Treasury Secretary Wally Adeyemo said April 9.

Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.

The Bureau of Industry and Security is drafting a rule that could ease certain export restrictions on Australia and the U.K. as the State Department works to loosen similar restrictions under the International Traffic in Arms Regulations as part of the AUKUS partnership.

Treasury Secretary Janet Yellen this week threatened sanctions against Chinese banks if they facilitate payments that aid Russia’s military and urged Beijing against placing unclear restrictions on sales from certain U.S. chip companies, saying American firms want more transparency in China.

The U.S. and the EU continued to discuss export controls, investment screening and other economic statecraft tools during the sixth meeting of the EU-U.S. Trade and Technology Council last week, saying they have made progress harmonizing export licensing decisions and plan to soon launch a new investment screening initiative. The two sides also renewed a mechanism to pinpoint and prevent global semiconductor supply chains issues and announced a new forum to coordinate on critical minerals trade.

Banks are facing rising pressure from regulators to catch red flags that may signal export control evasion, lawyers and industry officials said this week. As that pressure mounts, they said many financial institutions still struggle to understand how much and what type of due diligence is needed to catch customers that may be violating export controls.

A senior State Department official this week said an ongoing effort among the U.S., Australia and the U.K. to reduce defense trade restrictions will soon lead to an “unprecedented” level of technology sharing, adding that the three countries are open to adding more nations, including potentially Japan.

Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.