August 2017 International Trade Compliance Update

Welcome to the August 2017 edition of Baker McKenzie's International Trade Compliance Update.

New Proposed US Legislation Focuses on Medical Device Cybersecurity

The Bill aims to protect patient safety from medical device cyber attacks and improve medical device security

US Congress Agrees to Advance Iran, Russia, and North Korea Sanctions Bill

Last month, the US Senate passed significant Russia sanctions legislation. Last Friday, the Senate and House of Representatives reached agreement to advance the bill. The House approved the bill yesterday.

Decreased Enforcement Expected From SEC Regarding Conflict Minerals Regulations – For Now

Any company manufacturing or contracting to manufacture products using such conflict minerals had previously been required to conduct extensive due diligence on its supply chain. Following a series of partial losses in court, the SEC appears to be backing off the rule—for now.

July 2017 International Trade Compliance Update

In our update, we provide a summary of all trade compliance related developments around the globe over the past month.

US Treasury Department Imposes Restrictions on Chinese Bank

The US Treasury Department’s Financial Crimes Enforcement Network issued for public inspection a notice of proposed rulemaking that would restrict a Chinese commercial bank’s access to the US financial system based on a finding that the bank was involved in money laundering activities involving North Korea.

Compliance Benchmark 2017: Quantifying the Fundamentals

We have summarized the results of the compliance studies of the past 12 months and summarized the results in this post. Find out how you measure up against the benchmark.

Baker McKenzie releases Anti-Bribery Laws Handbook 2017 edition

We are very pleased to present you the latest edition of our Global Overview of Anti-Bribery Laws Handbook, updated with detailed information about key legislative and enforcement activity in the anti-bribery and corruption sphere.

US Supreme Court Limits SEC’s Ability to Obtain Disgorgement

On June 5, 2017, the United States Supreme Court held that the power of the SEC to take the profit out of violations of the securities laws through the remedy of disgorgement as practiced by the SEC is limited to the five-year period immediately preceding the filing of an enforcement action by the SEC because it operates as a penalty.

Register Today for the Healthcare Fraud & Enforcement Workshop

There is still time to register to join us on Thursday, June 1, 2017 for the Healthcare Fraud & Enforcement Workshop at the JW Marriott Miami. The Workshop will highlight recent developments changing the legal and compliance landscape for healthcare companies.

Send this to a friend