|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...|
Executive Order Targets Sanctions Evaders
(1) have violated, attempted to violate, conspired to violate, or caused a violation of U.S. sanctions against Iran or Syria;
(2) have facilitated deceptive transactions for persons subject to U.S. sanctions concerning Syria or Iran; OR
(3) are owned or controlled or are acting or purporting to act on behalf of an entity described in (1) or (2).
Treasury, in consultation with the State Department, may prohibit all transactions with designated entities, wherever they are located. The Order also prohibits providing to or receiving anything of benefit from a designated entity. The White House explained that the prohibitions aim to prevent the designated entities from having access to the U.S. market and financial system.
The Order does not designate specific entities.
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