After much anticipation, the Chinese legislature finally passed the Cybersecurity Law on 7 November 2016, and the CSL will come into legal effect on 1 June 2017. The CSL is the last of the trio of laws focusing on cybersecurity, after the National Security Law and the Anti-Terrorism Law.

Trade between Singapore and Australia is strong as the value of two-way goods trade was AUD 16.2 billion in 2015. Both countries took steps to make it even stronger when they completed the 3rd review and signed updates to the Singapore-Australia Free Trade Agreement on 13 October 2016.

A new Strategic Goods (Control) Order 2015 (“SGCO 2015”) will replace the current SGCO 2013 with effect from 2 November 2015. According to Singapore Customs, the SGCO 2015 brings Singapore’s strategic goods control list up to date with the 2014 Wassenaar Arrangement Munitions List and the 2014 European Union’s List of Dual-Use Items.

On 9 December 2014, the Government of Singapore and the Government of the United States signed an intergovernmental agreement (“IGA”) to facilitate the implementation of the Foreign Account Tax Compliance Act (“FATCA”) in Singapore. The IGA is based on the United States Department of the Treasury’s Model 1 IGA and…

The United Nations (Sanctions – Iran) Regulations 2014 (“Sanctions”) was enacted and took effect on 29 September 2014. The United Nations (Sanctions – Iran) Regulations 2007 (“2007 Sanctions”) have been correspondingly revoked. The Sanctions build on the existing sanctions detailed in the 2007 Sanctions and provide for additional prohibitions and…