Third-party risk management
Third-party risk management in Trade and Geopolitical Risk is no longer a back-office compliance exercise. The U.S. Department of the Treasury's Office of Foreign Assets Control, the U.S. Department of Commerce Bureau of Industry and Security, and the European Commission's Directorate-General for Trade have each issued guidance or enforcement actions in the past two years that place direct accountability on firms for the sanctions exposure and export control status of their vendors, freight partners, and intermediaries. Compliance teams are now mapping supplier contracts against OFAC's 50 Percent Rule ownership thresholds and BIS Entity List additions before those relationships touch a single transaction.
Watch
- BIS Entity List additions affecting semiconductor and dual-use goods suppliers
- OFAC 50 Percent Rule: beneficial ownership tracing requirements for indirect vendor relationships
- EU Mandatory Due Diligence Directive proposals expanding third-party supply chain obligations
- Forced labor import bans under UFLPA and their downstream vendor audit requirements
Recent material activity in Trade & Geopolitical Risk
A selection of recent published briefs; this is not a complete archive.
OFAC adds entities to Non-SDN Menu-Based Sanctions List under PAIPA with blocking and financial prohibitions
OFAC added entities to its Non-SDN Menu-Based Sanctions List on October 19, 2026 under the Protecting American Intellectual Property Act of 2022. The designations impose blocking, lending, foreign exchange, and banking t…
Read a full sample brief →DGFT amends trade procedures to activate TRQ allocation mechanism under the India-New Zealand Free Trade Agreement
India's Directorate General of Foreign Trade (DGFT) issued Public Notice No. 33/2026-27 on October 17, 2026, amending the Handbook of Procedures, 2023 to incorporate tariff-rate quota (TRQ) procedures under the India-New…
Read a full sample brief →India's Ministry of Finance issues first-tranche tariff concessions under the India-New Zealand Free Trade Agreement
India's Ministry of Finance, Department of Revenue, issued Notification 32/2026-Customs on October 16, 2026, granting customs duty exemptions on goods imported from New Zealand. The notification gives effect to the first…
Read a full sample brief →China's Ministry of Commerce and Ministry of Science and Technology propose expanded technology export controls covering AI, biomedical, and energy storage sectors
China's Ministry of Commerce and Ministry of Science and Technology issued Announcement No. 48 of 2026 on October 16, 2026, opening a public consultation on proposed amendments to the Catalogue of Technologies Prohibited…
Read a full sample brief →CBP releases Harmonized System Update 2625 with Section 232 pharmaceutical tariff records and CPSC flagging changes
CBP issued Harmonized System Update (HSU) 2625 on September 29, 2026, containing 57 harmonized tariff records and 304 Automated Broker Interface records. The update incorporates Section 232 pharmaceutical tariff changes,…
Read a full sample brief →Canada's trade tribunal finds reasonable indication of injury from Chinese paperboard cups and containers dumping
The Canadian International Trade Tribunal (CITT) issued a determination on October 16, 2026, under preliminary injury inquiry PI-2026-004, finding a reasonable indication that dumping and subsidizing of paperboard cups a…
Read a full sample brief →Commerce issues final affirmative countervailing duty determination on high purity dissolving pulp from Brazil
The U.S. Department of Commerce issued a final affirmative countervailing duty determination on October 16, 2026, covering producers and exporters of high purity dissolving pulp from Brazil. The determination finds that …
Read a full sample brief →Commerce issues final affirmative LTFV determination for high purity dissolving pulp from Brazil
Commerce issued a final affirmative determination on October 16, 2026, finding that high purity dissolving pulp from Brazil is being sold, or is likely to be sold, in the United States at less than fair value. The period…
Read a full sample brief →Commerce issues final affirmative antidumping determination on high purity dissolving pulp from Norway
The U.S. Department of Commerce issued a final affirmative determination on October 16, 2026, finding that high-purity dissolving pulp from Norway is being sold, or is likely to be sold, in the United States at less than…
Read a full sample brief →USITC declines to review ALJ order adding dependent patent claims to GlobalFoundries semiconductor investigation
The USITC has declined to review an initial determination that allows GlobalFoundries U.S. Inc. to amend its complaint in an active Section 337 investigation. The amendment adds dependent claims 8 through 12 and 19 of U.…
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