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Nov 6, 2024 | 
sanctionsnews.bakermckenzie.com | John McKenzie |John mcKenzie |Daniel Andreeff |Michael Amberg |Vivian Tse
Our annualĀ Global Year-End Review of Import/Export & Trade Compliance Developments Conference is just one week away! If you haven’t registered yet, this is your final chance to sign up and secure your spot. Ā We are holding this conference in a split-hybrid format, with an in-person event in Santa Clara, CA, on November 12 and virtual panels on November 19-21.
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Oct 23, 2024 | 
sanctionsnews.bakermckenzie.com | Paul Amberg |Daniel Andreeff
The US Department of the Treasury’s Office of Foreign Assets Controls (“OFAC”) has issued a final rule (“FR”) amending its Reporting, Procedures and Penalties Regulations (the “Regulations”), which will be effective on November 7, 2024. Our previous blog detailing OFAC’s prior interim final rule (“IFR”) for these amendments is available here. The FR will make only one amendment to the Regulations, which will expand the list of exclusions from OFAC’s blocked property reporting requirements.
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Aug 13, 2024 | 
sanctionsnews.bakermckenzie.com | Paul Amberg |Daniel Andreeff |Michael Amberg
The US Department of Commerce’s Bureau of Industry and Security (“BIS”) has issued two proposed rules amending the Export Administration Regulations (“EAR”) to impose expansive new controls on US persons’ activities in connection with non-US military, security, and intelligence end users and end uses, as well as new end user-, end use-, and list-based controls applicable to items subject to the EAR.
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Aug 13, 2024 | 
lexology.com | Paul Amberg |Daniel Andreeff |Michael Amberg
The US Department of Commerce’s Bureau of Industry and Security (“BIS”) has issued two proposed rules amending the Export Administration Regulations (“EAR”) to impose expansive new controls on US persons’ activities in connection with non-US military, security, and intelligence end users and end uses, as well as new end user-, end use-, and list-based controls applicable to items subject to the EAR.
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Jun 4, 2024 | 
sanctionsnews.bakermckenzie.com | Janet Kim |Kerry Contini |Daniel Andreeff |Xin Tao
Bipartisan legislation advancing in the U.S. Senate and the U.S. House of Representatives known as the “BIOSECURE Act” (“the Act”) has the potential to significantly restrict the ability of biotechnology companies to collaborate with certain Chinese companies without losing the ability to contract with the U.S. government.
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Jun 4, 2024 | 
sanctionsnews.bakermckenzie.com | Daniel Andreeff |Rob O'Brien
On May 28, 2024, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) amended the Cuban Assets Control Regulations (“CACR”) and issued new and updated frequently asked questions (“FAQs”) to further implement a policy originally announced by the Biden Administration on May 16, 2022 to increase support for the Cuban people and private sector entrepreneurs.
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May 22, 2024 | 
sanctionsnews.bakermckenzie.com | Janet Kim |Daniel Andreeff |Michael Amberg |Julian Godfray
The US and UK introduced new prohibitions last month related to Russian-origin aluminum, copper, and nickel produced on or after April 13, 2024.
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Nov 21, 2023 | 
sanctionsnews.bakermckenzie.com | Bart M. McMillan |Daniel Andreeff
On November 2, 2023, the United States government issued new Russia-related sanctions targeting more than 200 individuals and entities. OFAC also issued three new Russia-related General Licenses and reissued another one, and the US Department of Commerce Bureau of Industry and Security (“BIS”) added 13 entities to the Entity List.
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Aug 16, 2023 | 
globalcompliancenews.com | Janet Kim |Alexandre Lamy |Geoff Martin |Daniel Andreeff
Author Janet K. Kim Janet Kim focuses on outbound trade compliance issues that arise under US economic sanctions, export control laws, investment restrictions, antiboycott regulations, anti-money laundering laws and the Foreign Corrupt Practices Act. She represents and advises US and non-US companies in criminal and regulatory proceedings, internal investigations, and compliance audits relating to these areas of law.
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Aug 11, 2023 | 
sanctionsnews.bakermckenzie.com | Janet Kim |Alexandre Lamy |Geoff Martin |Daniel Andreeff
On July 26, 2023, the US Departments of Treasury, Commerce, and Justice published a Tri-Seal Compliance Note on the voluntary self-disclosure (“VSD”) of potential violations of US sanctions, export controls, and other national security laws (the “VSD Note”). This publication is the second Tri-Seal Compliance Note issued by the agencies and continues the enforcement focus on the sanctions and export control measures targeting Russia in particular and national security concerns more generally.
