|After the UK Brexit referendum of 23 June the implications on the political, economic and legal relations between the UK and the EU have been discussed from many angles. But what about...|
California Enforces Supply Chain Disclosure Law
These letters appear to be an attempt to enforce compliance with the Act, which became effective on January 1, 2012, but has received little attention outside of the traditional retail sector. The letters have been received by companies across a vast array of industries that happen to have sufficient sales in California, catching many companies and their general counsel’s by surprise. The Act requires companies to make certain disclosures about their efforts to avoid forced and child labor in their supply chains. Any company that identifies as a retail seller or manufacturer on its California tax return and earns annual worldwide gross receipts greater than US$100 million must comply with the law. Violations of the Act can result in an action brought by the Attorney General for injunctive relief.
The Department of Energy (DOE) recently published its revised Part 810 Guidance on compliance with the amended Part 810 Regulations on nuclear export controls (10 C.F.R. Part 810). The 2015 ...24 June 2016
FinCEN Designates North Korea as a Jurisdiction of Primary Money Laundering Concern, Triggering Additional Due Diligence Requirements for Financial Institutions
Pursuant to the North Korea Sanctions and Policy Enhancement Act of 2016’s requirement that the Secretary of the Treasury determine whether North Korea is a jurisdiction of...16 June 2016