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Showing posts from December 18, 2011

OFAC Significantly Eases Existing Restrictions on Transactions With South Sudan

December 9, 2011 Fulbright Alert - International Trade On December 8, 2011, the U.S. Department of Treasury, Office of Foreign Assets Control (“OFAC”) issued a final rule[1] that amended the Sudanese Sanctions Regulations (“SSR”) by creating two new general licenses that significantly ease remaining restrictions on transactions with the newly independent Republic of South Sudan (“South Sudan”), including with its oil and gas industry.[2] The new general licenses (31 C.F.R. §§ 538.536 and 538.537), which are effective immediately, now authorize the following: All activities and transactions relating to the petroleum and petrochemical industries in South Sudan and related financial transactions (31 C.F.R. § 538.536) The transshipment of goods, technology and services through Sudan to or from South Sudan and related financial transactions (31 C.F.R. § 538.537) The collective impact of the new general licenses is significant in that transactions by U.S. persons with South Sudan that had

Conviction Against First Corporate Defendant Tried For FCPA

"Critical Findings and Practical Lessons: Conviction Against First Corporate Defendant Tried For FCPA Violations Vacated Because of Prosecutorial Misconduct" Fulbright Briefing Marsha Z. Gerber , Richard Craig Smith , Guy Singer and Paul Simon December 8, 2011 On December 1, 2011, U.S. District Court Judge A. Howard Matz vacated the conviction of and dismissed the indictment against Lindsey Manufacturing Company ("LMC") and two individual co-defendants, Keith E. Lindsey ("Lindsey"), and Steve K. Lee ("Lee") (collectively, the "Lindsey Defendants") because of prosecutorial misconduct. The case[1] was the first case since enactment of the U.S. Foreign Corrupt Practices Act ("FCPA" or the "Act") in which a corporate defendant was tried and convicted for FCPA violations.[2] In dismissing the indictment w

IRAN: Access to a downed U.S. stealth drone to China

Actually Iranians had from the beginning said that they brought down the plane by hacking into its control link. Then came US confirmation of a lost drone without specifying type and also that there was not fire incident. So, there are now two possibilities, crash or hack. Since as per Pentagon it happened a week ago, and as per Iranians just hours ago, some one is lying here. Iranians were the first to disclose it so they get the score there. US only responded several hours later. And there is more, here on wired, there were two articles a while back. One was about a virus that had infiltrated the control systems of the US drones. And the other article was about DARPA working hard to make that virus go away. Then this happens. You can draw your own conclusions. But these are not random events, since never till now a drone has gone haywire and into an adversaries airport. Drones might be stupid but they are not traitors by default settings that is. But those settings now seem to be ed

Is ISI Really The Best Intelligence Agency In The World? According to the National Post, Canada's conservative newspaper, it is . That is just one of the interesting tidbits reported in this graphic titled, The State of The Global Spy Game (Download the PDF here ). Following Pakistan's ISI comes Mossad in the number 2 slot, MI 6 taking third and the CIA following up in fourth place. In addition to the Top Ten list, most of the graphic outlines a series of assassinations, explosions, spying, cyber spying and "convenient accidents" that the Post ties to various intelligence organizations over the last ten years. Finally, there are some charts which claim to be based on some of Richards Heuer's work regarding the demographics of spies; where they come from in government, how much education they have, etc. The graphic provides no comparative data to see if any of the

Dr Iyengar's life was a saga of boundless pursuit of science

December 23, 2011 12:45 IST  Nuclear scientist Dr PK Iyengar, who passed into the ages this week, was uncompromising as far as national interests are concerned, recalls Dr AN Prasad It is with a profound sense of respect and admiration for Dr PK Iyengar, with whom I had the privilege of working for a number of years, I write this. On December 21, the country lost a highly accomplished a scientist dedicated to the national cause. Dr Iyengar's life was a saga of boundless pursuit of science extending beyond the frontiers of physics, which was his forte by education and specialisation. He was a firm believer that the key to the country's overall economic development lay in the advancement of science in its holistic sense and constantly strived to bring about scientific culture in whatever he did. He was quite uncompromising as far as national interests was conc

Hindus protest in Pak against kidnappings for ransom

The protesters in the city, including children, carried placards and banners inscribed with slogans demanding protection from criminals. The Hindus' protest in Balochistan came after the killing of Ravi Kumar, a young trader whose bullet-riddled body was found in Quetta after his family failed to pay the ransom money to his abductors. The members of the Hindu community raised slogans against the government for its failure to protect the minority communities. Provincial Minister for Minorities Basant Lal Gulshan and Minister for Revenue Zamurkh Khan Achakzai addressed the protesting Hindus and tried to pacify them. Achakzai said the law enforcing agencies were constantly striving against the kidnapping gangs operating in Quetta and other parts of the province. "Police have booked many suspects and also carrying out raids in different localities, including Saryab and Pashtunabad areas of Quetta. Soon, the criminals will be brought to book," he ensured. http://eco