For the second week of our Annual Compliance Conference, we discussed key trade compliance issues impacting our clients globally. Specifically, we discussed the trade policy response of the US, EU and U.K. to ever increasing geopolitical disruption, global strategies for handling sanctions regulators and enforcement, and key global sanctions and export controls developments.

Baker McKenzie’s Sanctions Blog published the alert titled  OFAC and OFSI Issue Joint Humanitarian Assistance and Food Security Fact Sheet Relating to Russia on 11 July 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.  

On 27 April 2023, the US Department of State designated Russia’s Federal Security Service and Iran’s Islamic Revolutionary Guard Corps Intelligence Organization pursuant to Executive Order 14078 (Bolstering Efforts to Bring Hostages and Wrongfully Detained United States Nationals Home), with the result that Iran’s Islamic Revolutionary Guard Corps Intelligence Organization has been added to the Specially Designated Nationals and Blocked Persons List.

Baker McKenzie’s Sanctions Blog published the alert titled FinCEN Issues Alert on Potential Russia Sanctions Evasion in the US Commercial Real Estate Sector on 7 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.