EU - US Export Controls and Sanctions Update - January 2017

    View Authors January 2017

    In this issue we cover:

    This publication from our International Trade Practice looks at the shifting regulatory framework for international trade and compliance on both sides of the Atlantic.

    EU

    • EU Extends Russia Sanctions
    • EU Set to Renew Sanctions on Tunisia
    • EU Implements UN Listings to Its North Korea Sanctions
    • EU Amends Its Sanctions on Syria

    UK

    • UK Office of Financial Sanctions Implementation (OFSI) Issues New Guidance on Travel to the UK
    • OFSI Renews Palestine Terrorist Asset Freezes
    • OFSI Consultation on New Civil Penalties for Sanctions Breaches
    • UK to Vote on "Magnitsky" Sanctions Against Human Rights Violators

    US

    • Obama Administration Responds to Russian Hacking With Enhanced Cyber-Related Sanctions
    • New OFAC General License Authorises Transactions for Liquidation of Banco Continental, S.A.
    • OFAC Expands Scope of Authorised Humanitarian Exports to Iran
    • Obama Administration Lifts Embargo of Sudan

    Worldwide

    • South Korea and Japan Announce New Sanctions on North Korea

    Enforcement Actions

    • Intesa Sanpaolo S.p.A. and Its New York Branch Pay a US$235 Million Fine
    • BIS Issues Orders Denying Export Privileges to Several Persons

    Upcoming Events

    • Free Event – SME Briefing on Potential US Business Opportunities – London, UK – 27 January 2017
    • ITAR and EAR: US Trade Controls Compliance in Europe – London, UK– 31 January – 1 February 2017
    • 7th Annual Advanced ITAR & EAR Compliance Conference and Workshops – Washington DC – 8-9 February 2017

    We encourage you to visit our blog The Trade Practitioner, where you will find further updates on export controls, sanctions and other international trade topics. In addition, organizations engaged in the trade of items specially designed for military or space applications are encouraged to download our complimentary ITAR Practitioner’s Handbook covering the International Traffic in Arms Regulations (ITAR) and the US Department of Commerce "600 Series."

    Please click “download” above for a copy of the complete update.