EU-UK-US: Export Controls and Sanctions Update June 2017

    View Authors July 2017

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

    In this issue, we cover:

    EU

    • EU Extends Economic Sanctions Against Russia by Six Months
    • EU Updates Listings of Individuals and Entities on Its Sanctions Against Iran
    • EU Renews Its Sanctions Against Guinea-Bissau
    • EU Renews Its Sanctions Against Crimea and Sevastopol
    • EU Council Agrees to Develop Sanctions Framework to Address Cyber Attacks
    • Entry Into Force of Additional Requirements for Licensed Trade With Iran

    UK

    • High Court Rules That UK Arms Sales to Saudi Arabia Are Lawful
    • HMRC Publishes Advisory Notice on Money Laundering and Terrorist Financing Controls in Overseas Jurisdictions
    • UK Publishes Responses to Its Sanctions Consultation
    • Queen’s Speech Signals the Arrival of a UK International Sanctions Bill

    US

    • Trump Administration Announces New Policy on Cuban Embargo
    • US Commerce and Treasury Departments Add to Lists of Sanctioned Entities Under Russia-/Ukraine-Related Programmes
    • US Treasury Department Proposes Financial Sanctions Against Chinese Bank to Address North Korea Concerns

    Worldwide

    • UN Adopts New Sanctions Against North Korean Officials and Entities

    Enforcement Actions

    • OFAC Announces Settlement Agreements With American Honda Finance Corporation and American International Group, Inc.

    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."