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UK:Consultation on OFSI guidance regarding new civil penalties for sanctions breaches

The Office of Financial Sanctions Implementation (OFSI) has recently announced that it is consulting on its draft guidance on the process for imposing monetary penalties for breaches of financial sanctions.

Ukraine Expands Sanctions against Russia

On 17 October 2016, Ukraine imposed new personal sanctions against 335 Russian individuals and 167 entities, and extended the sanctions imposed in September 2015 for one more year.

DOJ Inspector General Calls for More Aggressive FARA Enforcement

According to a recent U.S. DOJ Inspector General’s Office report, DOJ is not enforcing the Foreign Agents Registration Act, which governs foreign lobbying in the United States, aggressively enough. What does this mean for your business?

U.S. Treasury Department Publishes Additional Clarifications For Iran Sanctions Relief Measures

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) updated its list of Frequently Asked Questions (FAQs) Relating to the Lifting of Certain U.S. Sanctions under the Joint Comprehensive Plan of Action (JCPOA).

US Government Officially Terminates Sanctions Targeting Myanmar

On 7 October 2016, President Obama issued an Executive Order terminating US sanctions targeting Myanmar.

Developments on the State of Emergency in Turkey: New Executive Order Enters into Force

On Saturday, July 23, 2016, the Council of Ministers issued an executive order to take measures to reestablish public security and to eliminate threats against national security during the state of emergency

UK votes “leave”

It was today announced that, on 23 June 2016, the British public voted in favour of a so-called “Brexit”, or exit from the European Union

EU political agreement on framework to stop financing armed groups through trade in conflict...

EU institutions agreed on a framework for an EU Regulation designed to ensure that minerals entering the EU have been sourced responsibly and without funding conflict and human rights abuses.

U.S. Government Takes Additional Steps to Relax Comprehensive Embargo of Cuba

On March 15, 2016, the U.S. OFAC and the U.S. BIS announced further amendments to the Cuban Assets Control Regulations and the Export Administration Regulations, in a continuing effort to chip away at the decades-old embargo.

Proposed Amendments to the PRC Anti-Unfair Competition Law Provide Greater Clarity on Commercial Bribery...

The PRC State Council released for public consultation draft amendments ("Draft Amendments") to the PRC Anti-Unfair Competition Law ("AUCL"), the first time after more than 20 years since the AUCL’s enactment.

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