US-EU: Export Controls and Sanctions Update January – March 2019

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:

US

• BIS Announces Former Florida CEO Pleads Guilty to Export Violations
• OFAC Issues Venezuela-related General License 6
• OFAC Temporarily Extends Ukraine-related General Licenses
• OFAC Adds Iran-related Designations to SDN List
• OFAC Removes Ukraine- and Russia-related Designations From SDN List
• OFAC Issues New Venezuela-related Executive Order and General Licenses
• OFAC Reaches Settlement Agreement With e.l.f. Cosmetics, Inc
• DDTC Goes Paperless for Advisory Opinion Submission
• DDTC Fines Alleged Violations of ITAR and Failure to Appoint Qualified Empowered Official
• US Imposes Venezuela-related Visa Restrictions and Sanctions
• US Designates Kurdistan and Iran Entities as Terrorists
• Trump Administration Removes India and Turkey From GSP Program
• OFAC Announces Creation of Foreign Financial Institutions (FFI) List
• Deadline Approaches for Certain Transitioning USML Category Items to CCL

• European Countries Launch Their Own Facility to Settle Payments With Iran
• EU Publishes Codification of Regulation on Trade in Goods Used for Torture
• EU Alters Lists of Sanctioned Persons and Entities
• EU Suspends Trade Benefits of Cambodia
• EU Extends Sanctions Against Belarus
• EU Extends Sanctions Against Ukraine
• EU Finally Approves Foreign Direct Investment Screening Mechanism

• UK to Introduce a New Open General Export License for the EU
• ECJU Updates the EU Dual-use List
• HRMC Issues Compound Penalties
• OFSI Updates Financial Sanctions
• UK Publishes Emergency Tariff Regime In Case of No-deal Brexit