Did You Miss These Recent Significant Export and Sanctions Regulatory Developments?
The following provides a snapshot of recent regulatory export and sanctions developments in case you happened to miss these key news items: OFAC Sanctions Key Players in Iran’s Oil Sector On October 26, 2020, the Treasury Department’s Office of Foreign Assets Control (OFAC) added several individuals, entities and vessels to the Specially Designated Nationals (SDN) […]
Dirty Tricks and Sneaky Tactics: U.S. Issues Advisory on Sanctions Risks Involving North Korea
On July 23, 2018, the U.S. Departments of State, Treasury and Homeland Security issued an advisory that warns companies of the tactics used by North Korea to evade U.S. and United Nations economic sanctions. Today’s advisory does not impose any new sanctions on North Korea. Rather, the sanctions on North Korea remain fully in effect. […]
U.S. Announces Withdrawal from the Iran Nuclear Deal and the Snap-Back of Previously Lifted Sanctions
On May 8, 2018, the President announced that the United States would withdraw from the Joint Comprehensive Plan of Action (“JCPOA”), and begin reimposing the nuclear-related sanctions that were lifted in 2015. He also issued a National Security Presidential Memorandum (“NSPM”) directing the U.S. Treasury Department and other departments and agencies to begin taking the […]
OFAC Extends Wind-Down and Maintenance Period for United Company RUSAL PLC under the Ukraine/Russia Related Sanctions
On April 23, 2018, the Treasury Department’s Office of Foreign Assets Control (OFAC) extended the wind-down period for United Company RUSAL PLC (hereinafter “RUSAL”), the world’s second largest producer of aluminum and one of the companies added to the Specially Designated Nationals (SDN) List earlier this month with other Russian oligarchs, senior Russian government officials, […]
Mark Your Calendar: “The ABC’s of Embargoes and Sanctions” 2-Part Live, Interactive Webinar on February 27th and March 27th
Melissa Proctor will be giving two online webinars on “The ABC’s of Embargoes and Sanctions” for the Export Compliance Training Institute (ECTI) on February 27, 2018 and March 27, 2018 from 1:00 – 2:30pm EST. The United States currently maintains a complex web of embargoes and economic sanctions programs levied against various countries, entities, and […]