Global Compliance News Webinar Invitation – Navigating trade sanctions in an increasingly complex and...
On December 12, 2017, we are hosting our first Global Compliance News webinar. The topic of the webinar is the rapidly changing sanctions environment. Economic and trade sanctions are today being routinely used by nation states to achieve their foreign policy objectives. Join our market leading trade compliance team to find out how your company may be affected by the recent developments in the sanctions arena.
The EU imposed sanctions on Venezuela in response to the continuing crisis in Venezuela and the perceived deterioration of democracy, the rule of law and human rights.
On 25 October 2017, the House of Commons published a briefing paper regarding the Iran nuclear deal. In particular, the paper focuses on President Trump’s recent refusal to certify Iran’s compliance with its obligations under the deal.
According the Government’s press release on the Bill “ensures that when the UK leaves the EU, we can continue to impose, update, and lift sanctions and AML regimes”.
On August 24, 2017, President Trump signed an Executive Order imposing additional sanctions on Venezuela. The Order states that these sanctions, which primarily target the Government of Venezuela and the Venezuelan oil industry, are in response to the deepening political and humanitarian crisis in Venezuela.
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.
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.
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.
The European Council has unanimously agreed to extend economic sanctions targeting the Russian economy by 6 months, until 31 January 2018.
On Monday, June 5, 2017, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar and moved to close off access to the Gulf country, with an embargo on air, sea or land traffic to and from Qatar. What does this mean for your company?